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UPDATE: Deere Posts Rise In Q3 Profit

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Deere & Co (NYSE: DE) reported a rise in its third-quarter profit.

Deere's quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period.

Its revenue surged to $10.0 billion from $9.6 billion. However, analysts were estimating earnings of $2.17 per share on revenue of $9.18 billion.

Deere also lifted its full-year profit forecast to $3.45 billion.

Deere shares gained 1.89% to $85.50 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

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