News Summary: Deere 1Q results beat expectations

Published on NewsOK Modified: February 12, 2014 at 8:03 am •  Published: February 12, 2014

FIRST QUARTER RESULTS: Profits and revenue both grew more than analysts had expected as Deere raised prices and improved productivity.

FARM GEAR: Deere says sales will fall 6 percent this year as farm incomes decline slightly from high levels last year.

CONSTRUCTION & FORESTRY: Deere projects that construction and forestry sales will rise 10 percent this year because of more housing starts in the U.S. and growing sales elsewhere.