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Deere: Fiscal Q1 Earnings Snapshot

February 18, 2022 GMT

MOLINE, Ill. (AP) _ Deere & Co. (DE) on Friday reported fiscal first-quarter profit of $903 million.

The Moline, Illinois-based company said it had profit of $2.92 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.

The agricultural equipment manufacturer posted revenue of $9.57 billion in the period. Its adjusted revenue was $8.53 billion, which also beat Street forecasts. Five analysts surveyed by Zacks expected $8.09 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DE at https://www.zacks.com/ap/DE