News Summary: Deere 1Q results beat expectations

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News,Business

FIRST QUARTER RESULTS: Profits and revenue both grew more than analysts had expected as Deere raised prices and improved productivity.

FARM GEAR: Deere says sales will fall 6 percent this year as farm incomes decline slightly from high levels last year.

CONSTRUCTION & FORESTRY: Deere projects that construction and forestry sales will rise 10 percent this year because of more housing starts in the U.S. and growing sales elsewhere.

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