News Summary: Deere & Co. 4Q resultsNovember 21, 2012 @ 12:34 pm
(AP) - DOWN ON THE FARM: Deere & Co. predicted a profit of about $3.2 billion, better than analysts expected. But it was cautious on several fronts. And fourth-quarter results missed analysts' expectations.
2013 FARM EQUIPMENT SPENDING HARVEST: U.S.: Flat. Europe: Flat to down 5 percent. South America: Up 10 percent. Asia: Little change.
ROW TO HOE: Deere is holding back on big spending projects until January, to see how the economic situation shapes up.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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