(Bloomberg) — Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year despite an “uncertain” market due to the coronavirus pandemic.The Moline, Illinois-based producer said net income for the fiscal year would be $2.25 billion, up from a May estimate of $1.6 billion to $2 billion. The company’s third-quarter net income of $2.57 a share exceeded the highest estimate among analysts. Shares rose 4.5% as of 6:43 a.m. in New York, before regular trading hours.“Although unsettled market conditions and related customer uncertainty are expected to have a moderating effect on key markets in the …read more
Source:: Yahoo Finance
