Latest News by Industry
MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Thursday reported fiscal third-quarter net income of $1.73 billion.
On a per-share basis, the Moline, Illinois-based company said it had net income of $6.29.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.80 per share.
The agricultural equipment manufacturer posted revenue of $13.15 billion in the period. Its adjusted revenue was $11.39 billion, also beating Street forecasts. Eight analysts surveyed by Zacks expected $10.87 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