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Deere cuts profit outlook

2015-02-21 23:20:59| Industrial Machines - Topix.net

Deere & Co., the largest maker of farm equipment, cut its 2015 earnings forecast as lower crop prices reduce farmer spending on high-horsepower tractors and combines in North America. Net income will be about $1.8 billion in the fiscal year through October, Moline, Illinois-based Deere said Friday in a statement.

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