By Matt Grossman Deere & Co. Friday logged stronger sales and profit figures for the latest quarter as revenue grew across the company s operating segments. The Moline, Ill.-based. | February 24, 2021
Provided by Dow Jones By Matt Grossman Deere & Co. Friday logged stronger sales and profit figures for the latest quarter as revenue grew across the company s operating segments. The Moline, Ill.-based maker of agricultural and construction equipment logged first-quarter earnings of $3.87 a share, compared with $1.63 a share in the same three-month period a year earlier. Analysts surveyed by FactSet had forecast earning of $2.18 a share. Net income attributable to the company rose to $1.22 billion, from $517 million in 2020 s first quarter. Revenue was $9.11 billion, a 19% improvement compared with $7.63 billion in the year-ago quarter. Analysts had forecast revenue of $7.21 billion. Improving conditions in the farm and construction sectors boosted the company s results, Chairman and Chief Executive John C. May said.