FARM BUSINESS NEWS
Wed Aug 14, 2013 07:59 AM CDT

MOLINE, Ill. (AP) -- Deere & Co.'s third-quarter net income rose 27%, driven by booming agricultural activity in North and South America. The company easily beat most expectations, and shares are rising before the opening bell.

The farm and construction equipment manufacturer earned $997 million, or $2.56 per share, well ahead of the $2.17 per share that Wall Street was looking for.

Deere's shares added $1.09 to $85 before the market open.

Revenue climbed 4% to $10.01 billion, the company said Wednesday, also topping most expectations of analysts polled by FactSet.

The company last year booked earnings of $788 million, ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded togethe...
  • Market News AgriClear is not an auction, but an online digital sales floor where buyers and sellers negotiate...
  • UAS Research Takes Off Key members of the House and Senate last week praised the Federal Aviation Administration for sel...
  • "Total Market Isn't Dead" Used equipment inventories are escalating.
  • Rain, Rain, Go Away Waterlogged and flooded fields in much of the Midwest are putting corn and soybean fields at risk...
  • Feds to Examine Biotech Rules In a memo to USDA, FDA and EPA, the White House stated that a review of biotech regulations was n...
  • Evolution of Farm Kid Jobs DTN Staff Reporter Russ Quinn reflects on the farm activities of his youth that his children will...
  • IARC: Possible 2,4-D Cancer Link The International Agency for Research on Cancer has classified the herbicide 2,4-D as possibly ca...
  • Ask the Vet How do I know what minerals my cows need and how much?
Related News Stories
Labor Pains - 1
Seed Money for Rural America
Remove Barriers by Building
Ag Giants Sow Venture-Capital Seed