UPDATE 1-Deere 4th-quarter net profit falls, sees lower '09

Newswire

* Quarterly equipment sales up 24 pct to $6.74 bln * Says expects flat 2009 equipment sales * Shares dip in premarket trading NEW YORK, Nov 26 (Reuters) - Deere & Co , the world's biggest farm equipment maker, posted a lower quarterly net profit on Wednesday, as lower commercial and consumer demand and sharply lower profit in its financial services division overshadowed higher machinery sales. The company also said a stronger dollar and a higher tax rate reduced the profitability ...

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