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Deere reports $1.751B Q1 income, trims 2024 outlook

By: Kenda Burrows|February 15, 2024
|4 min read
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    • John deere economic earnings layoffs, job cuts,

    John Deere’s World Headquarters in Moline is part of the global equipment-maker’s QC regional production complex. CREDIT JOHN SCHULTZ

    Deere & Co. posted a net income of $1.751 billion, or $6.23 per share, in the quarter that ended Jan. 28, easily topping a consensus estimate by Zacks Investment Research analysts who predicted year-over-year Deere earnings at $5.19 per share.

    The net income released today by the Moline-based global equipment-maker compares to a net income of $1.959 billion, or…

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