MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Thursday reported fiscal second-quarter earnings of $1.8 billion.
On a per-share basis, the Moline, Illinois-based company said it had net income of $6.64.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.68 per share.
The agricultural equipment manufacturer posted revenue of $12.76 billion in the period. Its adjusted revenue was $11.17 billion, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $10.65 billion.
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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