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Deere profit rises 31.3 percent

Aug 18 (Reuters) - U.S. farm equipment maker Deere & Co on Friday reported a 31.3 percent rise in quarterly profit, and raised its full-year sales and profit forecasts for the third time.

The net income attributable to Deere rose to $641.8 million, or $1.97 per share, in the third quarter ended July 30, from $488.8 million, or $1.55 cents per share, a year earlier.

Total sales and revenue rose to $7.81 billion from $6.72 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)