Strong Revenues, Margins in Deere’s F3Q, But F4Q to Decline

Deere & Co.’s third-quarter 2013 results easily surpassed analysts’ expectations as the world’s largest ag equipment maker posted a 26% increase in income on a 4% gain in net sales and revenues. The company also raised its full-year income forecast to $3.45 billion, up from its previous outlook of $3.3 billion.

At the same time, Deere said it expects a weaker fourth quarter in this fiscal year.

The company’s net income came in at $996.5…

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