MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Thursday reported fiscal second-quarter earnings of $2.37 billion.
On a per-share basis, the Moline, Illinois-based company said it had net income of $8.53.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $7.86 per share.
The agricultural equipment manufacturer posted revenue of $15.24 billion in the period. Its adjusted revenue was $13.61 billion, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $13.26 billion.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
