Deere posts record earnings on strong equipment sales

Aug 14, 2013 | 12:59 PM | Corinna Petry

Tags  Deere & Co., earnings report, Samuel R. Allen, construction, forestry, agriculture, Corinna Petry

CHICAGO — Farm, lawn and forestry equipment maker Deere & Co. posted record results for its fiscal third quarter due in part to higher equipment sales and lower raw material costs.

The Moline, Ill.-based company posted net income of $996.5 million for the three months ended July 31, up 26.5 percent from $788 million in the same period last year, on sales that increased 4.4 percent to $10.01 billion.....

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