Aug 18 (Reuters) - Deere & Co DE.N
* Deere announces third-quarter earnings of $642 million
* Q3 sales $7.808 billion versus I/B/E/S view $6.92 billion
* Sees FY sales up 10 percent
* Q3 earnings per share $1.97
* Q3 earnings per share view $1.95 -- Thomson Reuters I/B/E/S
* Agriculture & turf sales increased 13 percent for quarter
* Company equipment sales are projected to increase about 10 percent for fiscal 2017 and be up about 24 percent for Q4
* Construction and forestry sales increased 29 percent for quarter
* Deere's worldwide sales of agriculture and turf equipment are forecast to increase by about 9 percent for fiscal-year 2017
* Full-year forecast calls for net income of $2.075 billion
* Net sales and revenues are projected to increase about 11 percent for fiscal 2017 with net income attributable to co of about $2.075 billion
* Deere's worldwide sales of construction and forestry equipment are forecast to be up about 15 percent for 2017
* Worldwide sales of agriculture and turf equipment are forecast to increase by about 9 percent for fiscal-year 2017
* Included in forecast is a positive foreign-currency translation effect of about 1 percent for full year and about 2 percent in Q4
* Full-year 2017 agriculture & turf industry sales in EU28 member nations are forecast to be flat to down 5 percent
* Industry sales of turf and utility equipment in U.S. and Canada are expected to be about flat for 2017
* Full-year 2017 agriculture & turf Asian sales are projected to be flat to down slightly
* Industry sales for agricultural equipment in U.S. and Canada are forecast to be down about 5 percent for 2017
* Seeing higher overall demand for products with farm machinery sales in South America experiencing strong gains, construction equipment sales rising sharply
* FY2017 earnings per share view $6.42, revenue view $25.46 billion -- Thomson Reuters I/B/E/S
* Net sales and revenues are projected to increase about 11 percent for fiscal 2017