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February 15, 2013

Deere first-quarter profit jumps 22 percent

  • The company says sales will rise this year on the growing need for food, shelter and infrastructure.

    • MOLINE, Ill. (AP) — Farm and construction equipment maker Deere & Co. said Wednesday that its first-quarter net income leaped 22 percent on growing sales of farm machinery at higher prices.

    The Moline, Ill., company's earnings soundly beat Wall Street expectations.


     
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