Deere boosts sales but fails to meet income projections

Nov 26, 2012 | 01:32 PM | Samuel Frizell

Tags  Deere, agricultural equipment, industrial equipment, earnings, Samuel Allen, Samuel Frizell

NEW YORK — Deere & Co. saw its fiscal fourth-quarter sales rise 13.7 percent compared with a year earlier as demand for farming equipment climbed in North America and South America, but the agricultural and industrial equipment manufacturer fell just short of its projected targets for the full year.

Net income for the three months ended Oct. 31 climbed 2.7 percent to $687.6 million from $669.6 million in the same period in 2011 as sales climbed to a record $9.79 billion.....

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