Deere Fiscal Q3 Profit Rises as Construction Sales Surge
Deere reported fiscal third-quarter results with revenue up 6.2% year over year to $11 billion and income rising 7% to $1.4 billion. Construction and forestry sales increased 18% to $3.6 billion, while agriculture sales fell 6.4% to $4 billion as Deere booked fewer shipments amid weaker farm budgets and demand pressures.