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Deere: Fiscal Q2 Earnings Snapshot

May 20, 2022 GMT

MOLINE, Ill. (AP) _ Deere & Co. (DE) on Friday reported fiscal second-quarter profit of $2.1 billion.

On a per-share basis, the Moline, Illinois-based company said it had net income of $6.81.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $6.65 per share.

The agricultural equipment manufacturer posted revenue of $13.37 billion in the period. Its adjusted revenue was $12.03 billion, falling short of Street forecasts. Six analysts surveyed by Zacks expected $13.44 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