MOLINE, Ill. — Deere & Co. (DE) on Thursday reported fiscal first-quarter profit of $1.75 billion.
On a per-share basis, the Moline, Illinois-based company said it had profit of $6.23.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $5.19 per share.
The agricultural equipment manufacturer posted revenue of $12.19 billion in the period. Its adjusted revenue was $10.49 billion, also topping Street forecasts. Ten analysts surveyed by Zacks expected $10.43 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
