Deere and Co (DE)

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"Deere tops Q2 profit views on strong sales, raises annual income outlook"

"(Reuters) -Deere & Co on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as its order books remain robust.

Shares in the world's largest farm equipment maker were up 3.6% in premarket trading after the company reported a 36% rise in second-quarter profit."

"The Moline, Illinois-based company has sustained margin improvements by mitigating cost pressures across its equipment divisions as well as constraints in supply chains that are only now moderating for most industrial companies."

Deere posted earnings per share of $9.65, outpacing analysts' estimates of $8.59.

https://finance.yahoo.com/news/deere-raises-fy-profit-outlook-101348804.html