More on Deere FQ1: Net income +4.8%; guidance tops consensus

|About: Deere & Company (DE)|By:, SA News Editor

Deere's (DE +2.3%) net income rose to $681.1M from $649.7M a year earlier.

Equipment sales +2.2% to to $6.95B, topping forecasts of $6.55B.

Forecasts FY profit of $3.3B, above consensus of $3.13B.

Expects equipment sales to fall 3% in FY 2014 and 6% in FQ2.

Deere's earnings call is scheduled for 10 am ET. (PR)