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Deere & Company announced that its net
income for the quarter rose 11 percent, to $788 million, or $1.98 per share,
from $712 million, or $1.69 per share, a year earlier. Revenue was $9.6
billion. Analysts expected earnings of $2.32 per share on revenues of $9.5
billion. The Moline, Illinois-based company lowered its full-year net income
forecast to $3.1 billion from $3.4 billion.