Deere’s sales climb, but profits fall below analysts’ projections

Posted: November 22, 2012 at 12:47 a.m.

A John Deere tractor is parked at the Stevens Implement Company in Petersburg, Ill., in this file photo. The company reported a quarterly profit of $687.6 million on Wednesday.

Tractor maker Deere & Co. is taking a cautious view of 2013, as drought and economic uncertainty hold back spending in some of the world’s biggest farm economies.

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Business, Pages 35 on 11/22/2012