Deere posts first profit gain in three years, raises outlook

Jamaica Gleaner 28 Aug Jamaica

Deere & Company, one of the world’s largest farm and construction equipment manufacturers, posted its first year-over-year profit increase since 2023, driven by surging demand for construction machinery even as the farm equipment cycle remained weak. The Moline, Illinois-based company reported net income of US$1.38 billion, or US$5.10 per diluted share, for the fiscal third quarter ended Augus

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