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Deere’s 1st quarter earnings dip, still ‘impressive’

By: Kenda Burrows|February 18, 2022
|4 min read
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    Despite a five-week UAW strike, a global pandemic, and persistent supply chain challenges driving earnings down, Deere & Co. Chairman and CEO John May reported an “impressive” performance that outdid net income estimates in the first quarter of 2022.

    The global agricultural equipment giant reported net income of $903 million, or $2.2 per share, for the quarter ended Jan. 30, 2022. Earnings dipped from the $1.224…

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