Deere's earnings rise but challenges ahead

Feb 13, 2013 | 04:37 PM | Corinna Petry

Tags  Deere, earnings results, Samuel Allen, construction, agricultural equipment, industrial equipment, Corinna Petry

CHICAGO — Agricultural and industrial equipment maker Deere & Co. posted higher net income and revenue in its fiscal first quarter ended Jan. 31, but its outlook remains cautious.

Net income for the quarter rose 21.9 percent to nearly $650 million on a 9.7-percent increase in global revenue to $7.42 billion, the Moline, Ill.-based company said Feb. 13.....

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