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Deere's quarterly profits rise 49%

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Deere & Co. reported a fiscal second-quarter earnings gain of 49.4 percent compared with a year earlier.

The Moline, Illinois-based tractor maker posted net income of $1.21 billion, up from $808.5 million in the same quarter of 2017.

Earnings per share came to $3.67, beating the total of $1.21 posted last year.

Read more from Reuters.

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