Deere stock rises on heels of higher than expected 1st quarter earnings

By: Kenda Burrows|February 17, 2023

|3 min read

John Deere’s stock was soaring even before markets opened today, Feb. 17, after the agricultural, construction and forestry equipment giant reported first quarter earnings of $1.959 billion, or $6.55 a share, on $11.4 billion in equipment sales.

The Moline-based Fortune 100 company also raised its outlook for fiscal year 2023, predicting instead “another strong year” for Deere & Co.

According to the 2023 Q1…

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Deere stock rises on heels of higher than expected 1st quarter earnings

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