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
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
Rates Too Low Too Long
President Signs WRRDA Bill
Ag's Great Affluenza - 9