Thomson ReutersAugust 14, 2013 07:16
By James B. Kelleher
CHICAGO (Reuters) - Deere & Co <DE.N> reported a much higher-than-expected quarterly profit on Wednesday on strong sales of its tractors and harvesters in the Americas, but some analysts said the results represented the high-water mark for the company in the current farm cycle.
Deere also said sales for the current quarter would be 5 percent lower than a year earlier. Its shares fell more than 1 percent.