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Deere & Co. says strong sales of its farm equipment helped boost its fourth-quarter profit by 46 percent and says it expects robust demand will lead to further growth next year. The results beat Wall Street expectations.
Deere reported net income of $670 million, or $1.62 a share, for the three months ended Oct. 31, up from $457 million, or $1.07 a share, a year ago. Revenue grew 20 percent to $8.6 billion.
