MOLINE, Ill. (AP) _ Deere & Co. (DE) on Friday reported fiscal first-quarter net income of $1.22 billion.

The Moline, Illinois-based company said it had net income of $3.87 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The agricultural equipment manufacturer posted revenue of $9.11 billion in the period. Its adjusted revenue was $8.05 billion, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $7.12 billion.

Deere shares have risen 12% since the beginning of the year, while the Standard & Poor's 500 index has climbed 4%. The stock has climbed 81% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DE at https://www.zacks.com/ap/DE

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