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JOHN DEERE ISSUES 2014 OUTLOOK
Source: Deere & Co. news release

Company equipment sales are projected to decrease about 3 percent for fiscal 2014 and be down about 2 percent for the first quarter compared with year-ago periods.

For fiscal 2014, net income attributable to Deere & Company is anticipated to be about $3.3 billion. The outlook contemplates the sale of 60 percent of John Deere Landscapes operations, as previously announced.

Supported by record 2013 performance, John Deere remains in a prime position to carry out its wide-ranging growth plans and attract new customers throughout the world, CEO Sam Allen said.

"Thanks in large measure to the commitment of our employees, dealers and suppliers, John Deere's plans for helping meet the world's need for food, shelter and infrastructure are firmly on track," he said.

"We remain confident in the company's direction and its ability to serve a population growing in both size and prosperity in the years ahead. In spite of lingering global economic concerns, we believe these developments continue to hold great promise and should provide significant benefits to our investors and other stakeholders well into the future."


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