MOLINE, Ill. — Deere & Co. (DE) on Friday reported fiscal second-quarter net income of $2.86 billion.
The Moline, Illinois-based company said it had a net income of $9.65 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $8.57 per share.
The agricultural equipment manufacturer posted revenue of $17.39 billion in the period. Its adjusted revenue was $16.08 billion, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $14.84 billion.
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