Deere Surges as Cuts Lift Tractor Maker’s Profit Outlook

  • Company unexpectedly reports increase in quarterly earnings
  • Declining demand has spurred production cuts and job losses

Deere Cost Cuts Lead to Full-Year Profit Forecast Boost

Deere & Co., the world’s largest agricultural equipment maker, surged the most in almost eight years, defying a farming recession by raising its full-year profit after cutting costs.

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