Deere & Co.’s quarterly results showed minimal fallout from its recent workers’ strike, as it forecast continued strong sales of farm and construction equipment at higher prices next year.
The Moline, Ill.-based manufacturer reported better-than-expected profits for the quarter ended Oct. 31, with equipment sales that were slightly lower than expected. The five-week strike by members of the United Auto Workers union, which began Oct. 14, covered the last two weeks of Deere’s fiscal fourth quarter.
