(Bloomberg) — Deere & Co. raised its financial outlook for the year as demand for farm equipment remained robust despite falling crop prices.
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The world’s largest farm equipment maker expects net income for fiscal 2023 to be between $9.75 billion and $10 billion, the Moline, Illinois-based company said in a statement Friday. That’s above the May outlook for $9.25 billion to $9.5 billion, and it’s on par with the Bloomberg consensus of about $9.4 billion.
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