Construction and agricultural equipment manufacture Deere & Co. (NYSE: DE – $92.45) reported a fiscal second-quarter profit of $690.5 million, or $2.03 a share, down from $ 980.7 million, or $2.65 a share, in the same period a year ago, but well above consensus of $1.56. Revenue fell 18% to $8.17 billion, as a 25% decline in agricultural and turf sales offset a 2% increase in construction and forestry sales, but beat the Street estimates of $7.54 billion by a significant margin. Looking ahead, Deere said it expects full fiscal year equipment sales to decline 19% from a year ago and agriculture and turf sales to fall 24%, compared with the company’s previous estimate for declines of 17% and 23%, respectively. The company sees fiscal 2015 net income attributable to Deere of about $1.9 billion, up from the previous guidance of $1.8 billion; analysts recently were estimating $1.79 billion, on average. The company didn’t provide a per-share guidance figure. A strong spot for Deere is its Construction and Forestry division, which is on pace to generate approximately a 5% gain in revenue, as higher housing starts stateside offset softness in various energy-producing regions. Also, it continues to make strides in the typically fertile South American market, notably Brazil, which augurs well for long-term prospects. On balance, Deere’s operating efficiency ought to hold up well, as lower sales and administrative costs and higher prices should lend support. For investors willing to be patient, DE has decent long-term total return potential including a current yield of 2.7% on a growing, and well covered dividend of $2.40 per share.