Deere posts $617 million in profit for its fiscal Q3

08/17/2010 | MarketWatch · Wall Street Journal, The

Deere posted solid earnings for its fiscal third quarter, with a net income of $617 million, or $1.44 per share. That compares with $420 million, or 99 cents per share, for the same period last year. Deere is riding a trend of high demand for farming and construction equipment, said Morgan Stanley analyst Robert Wertheimer, who called the environment the age of "Big Ag."

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MarketWatch · Wall Street Journal, The