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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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a DE">Zacks stock report on DE at https://www.zacks.com/ap/DE