Posted AT 7:19 AM EDT on 14/05/08
Deere harvests higher profit
CHICAGO — — Deere & Co. reported higher quarterly earnings Wednesday as soaring crop prices boosted global demand for its agricultural equipment.
The company, the world's largest maker of tractors and combines, said profit rose 22 per cent to $763.5-million, or $1.74 a share, in the second quarter ended April 30, from $623.6-million, or $1.36 a share, a year earlier.
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