MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Thursday reported fiscal first-quarter profit of $656 million.
On a per-share basis, the Moline, Illinois-based company said it had profit of $2.42.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The agricultural equipment manufacturer posted revenue of $9.61 billion in the period. Its adjusted revenue was $8 billion, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $7.6 billion.
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