Deere Posts 55% Higher Profit, but Guidance Disappoints
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The worldâs largest manufacturer of agricultural machinery beat Wall Streetâs expectations as high crop prices stoked global demand for farm equipment.
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The apparel retailer reports higher sales and profits but lower comps.
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Deere & Co.  said on Tuesday its quarterly profit rose 19 percent on better-than-expected farm equipment sales, boosting hopes that increasing commodity prices would produce stronger sales in 2007 and sparking a surge in its shares.
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The lawnmower company has a sharp quarter.
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Del Monte (DLM:NYSE - news - research) Thursday reported higher second-quarter profit, but guided below analysts expectations for the third quarter, saying &quot;higher than anticipated energy and logistics costs will put pressure on our bottom-line.
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The company reported net profit of $526 million on higher sales of agricultural and nutritional products in Latin America and it lifted its full-year outlook.
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KANSAS CITY, Missouri  - Monsanto Co.  reported sharply higher quarterly earnings on Thursday, driven partly by surging U.S. sales of its genetically modified corn and other seeds.
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With big tractors, big sales, and big earnings, Deere's hoeing a profitable row.
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United Parcel Service Inc. reported a 7.5 percent increase in fourth-quarter earnings, but said that profit growth would slow this year.
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General Mills Inc.  on Thursday said quarterly profit edged higher, though increased marketing spending and higher commodity costs tempered the increase.
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DECATUR, Ill. - Archer Daniels Midland Co., the agribusiness giant, reported a 77 percent increase Friday in its first-quarter earnings, citing significant gains in oilseed and bioproducts processing and feed
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Bunge Ltd. BG.N, the world's top  oilseed processor, on Tuesday said quarterly profit rose a  higher-than-expected 5 percent even as the agribusiness and  food company grappled with volatile soybean prices.
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Lawn-care equipment maker Toro Co. on Wednesday reported stronger-than-expected quarterly earnings and doubled its dividend, citing increased sales and cost controls.
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Archer Daniels Midland Co., the agribusiness giant, reported a 77 percent increase Friday in its first-quarter earnings, citing significant gains in oilseed and bioproducts processing and feed and ingredient sales and a major improvement in inventory
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ConAgra Foods Inc.  posted higher-than-expected quarterly profit on Wednesday as unusual strength in its energy trading and fertilizer operations offset higher marketing and commodity expenses in its core packaged-foods business.
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Farming supply retailer Tractor Supply Co.  on Monday reported that its earnings fell in the third quarter because of higher freight costs, higher costs for steel and other commodities and a shift in sales to lower margin hurricane-related items.
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General Mills Inc.  on Thursday  said quarterly profit edged higher, though increased marketing  spending and higher commodity costs tempered the increase.