Deere's net income rose 69 percent to US$1.28 billion, or US$4.12 per share, in the quarter to Oct. 31, while analysts had expected a figure of US$3.90 per share. | File photo

Deere posts profit surge on soaring farm income

Nov 24 (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 percent higher in premarket trading and eased some fears around the impact […] Read more