Rising oil prices, strong construction demand boost John Deere profit

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Spurred by rising oil prices, growth in construction and robust housing demand, Deere & Company on Friday reported a significant uptick in sales.

Revenue at the Moline, Ill.-based company that owns the John Deere tractor brand climbed 29 percent to $10.72 billion for the three months through April 29. Net income rose to $1.2 billion, or $3.67 a share.

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