Deere & Company See Rise in Profits

MOLINE, Ill. (AP) - Deere & Co. says its first-quarter profits rose nearly 5 percent, beating Wall Street expectations. Revenue also grew more than expected as Deere raised prices and improved productivity. High crop prices in recent years have put money into farmers' pockets and driven a boom in demand for Deere's tractors and other motorized farm gear. But Deere says that demand has begun "moderating," and it expects farm equipment sales will fall this year.

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Locations : IllinoisMoline