Deere 1Q Sales Up 7%

Deere & Co. said net income for its first quarter, ended Jan. 31, was $235.9 million, or $0.99 per share, up from $222.8 million, or $0.89, in the year-earlier period.
Deere sales for the recent first quarter were $4.2 billion, up 7 percent from $3.94 billion last year.
While agricultural sales fell 6 percent to $1.9 billion, consumer and commercial equipment sales were up 20 percent to $628 million, and construction and forestry equipment segment sales were up 18 percent to $1.7 billion.

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