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Ag Sales Drive Deere Earnings Growth

Deere & Co.'s fiscal-first-quarter earnings more than doubled, helped by agricultural-equipment sales, especially in the U.S. and Canada.

February 16, 2011

Deere & Co.'s fiscal-first-quarter earnings more than doubled, helped by agricultural-equipment sales, especially in the U.S. and Canada.

For the quarter ended Jan. 31, the world's largest farm-machinery company by sales reported a profit of $513.7 million, or $1.20 a share, up from $243.2 million, or 57 cents, a year earlier. Revenue increased 27% to $6.12 billion.

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--Wall Street Journal

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