Deere & Co. profits are higher than expected because the
company charged more for its farm equipment.
Net
income attributable to Deere fell to $193.8-million US, or 61 cents per share,
in the first quarter ended Jan. 29, but that was a lot better than the typical
analyst’s forecast of 55 cents per share.
A year
ago net income was $254.4-million, or 80 cents per share.
Total
net sales fell about 1.5 per cent to $4.70-billion.
