(Bloomberg) -- Deere & Co. shares rose Friday as the world’s largest manufacturer of agricultural equipment said logistical and supply-chain bottlenecks will ease in the current financial quarter.
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The problem will be reduced substantially in the company’s second quarter, which lasts through April, Chief Financial Officer Raj Kalathur said on Deere’s earnings conference call.
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Deere’s first-quarter equipment revenue of $6 billion trailed the $6.4 billion average of analysts’ estimates compiled by Bloomberg.
Deere: Five Things We Learned From Its Latest Earnings Report
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