shares of deere  co de gained 06 in premarket trading friday after the agricultural and construction equipment company reported big fiscal firstquarter profit and sales beats amid strength in its production  precision ag business net income for the quarter to jan 30 rose fell to 903 million or 292 a share from 122 billion or 387 a share in the yearago period the factset consensus for earnings per share was 227 sales grew 50 to 957 billion above the factset consensus of 828 billion cost of sales jumped 153 to 670 billion given production issues related to the delayed ratification of a labor union contract and persistent challenges posed by supply chain issues and the covid19 pandemic production  precision ag sales rose 9 to 336 billion to beat the factset consensus of 326 billion and small ag  turf sales grew 5 to 263 billion to top expectations of 257 billion while construction and forestry sales increased 3 to 254 billion which was just shy of expectations of 256 billion for 2022 the company expects net income of 67 billion to 71 billion surrounding the factset consensus of 69 billion the stock has rallied 66 over the past three months through thursday while the sp 500 spx has lost 69