Deere profit surges 75% on pricing boost

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Shares of the company rose 2.8% at $428 in early trade.

The Moline, Illinois-based firm’s net income rose to $2.25 billion, or $7.44 per share, for the quarter ended Oct. 30 from $1.28 billion, or $4.12 per share, a year earlier.

Total net sales and revenue rose to $15.54 billion from $11.33 billion.