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DEERE PROVIDES UPDATED OUTLOOK
Source: John Deere news release

Company equipment sales are projected to decrease about 3 percent for fiscal 2014 and be down about 6 percent for the second quarter compared with the same periods of 2013. For the full year, net income attributable to Deere & Company is anticipated to be approximately $3.3 billion.

"Even in the face of moderating demand for agricultural equipment, Deere is well-positioned to deliver solid performance," said Samuel Allen, Deere's CEO.

"We believe that our extensive investments in new products and new markets will provide strong support to our results and keep our strategic plans moving ahead."

These plans are essential to helping meet the world's growing need for food, shelter and infrastructure, Allen said, and he expressed confidence they would produce significant benefits for the company's investors and customers over the long term.


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