Deere & Co. , the world’s largest farm equipment maker, reported second-quarter profit that topped analysts’ estimates and raised earnings and sales forecasts for a second time this year as demand for farm machinery increased.
Deere & Co. , the world’s largest farm-equipment maker, reported a 47 percent jump in fiscal third-quarter earnings, while tempering investor expectations for the fourth quarter amid weakening demand in Western Europe.
Mahindra & Mahindra Ltd., India’s biggest tractor maker, forecasts it will outperform the industry this fiscal year as a shortage of farm hands, rising labor costs and the best monsoon rains in six years drives demand.
Deere & Co., the world’s largest farm-equipment maker, reported fiscal third-quarter profit that topped analysts’ estimates and raised its full-year earnings forecast as global demand improved. The shares fell after margins on new sales trailed analysts’ projections.