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Deere posts profit surge on soaring farm income
Reuters
Deere posts profit surge on soaring farm income
Abhijith Ganapavaram
Wed, November 24, 2021, 6:51 AM
By Abhijith Ganapavaram
(Reuters) -Deere & Co surpassed market estimates for quarterly profit on Wednesday, as a surge in crop and livestock prices encouraged farmers to splurge on tractors and combines.
The results sent shares of the world's largest farm equipment maker 3% higher in premarket trading and eased some fears around the impact of a worker strike that had hit Deere's operations for about three weeks of the fourth quarter.
{snip}
Deere posts profit surge on soaring farm income
Abhijith Ganapavaram
Wed, November 24, 2021, 6:51 AM
By Abhijith Ganapavaram
(Reuters) -Deere & Co surpassed market estimates for quarterly profit on Wednesday, as a surge in crop and livestock prices encouraged farmers to splurge on tractors and combines.
The results sent shares of the world's largest farm equipment maker 3% higher in premarket trading and eased some fears around the impact of a worker strike that had hit Deere's operations for about three weeks of the fourth quarter.
{snip}