Deere: Fiscal Q1 Earnings Snapshot
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.