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Deere Q4 adjusted earnings beat estimates

Christian Fernsby |
Deere announced a profit for fourth quarter that dropped from last year.

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Topics: DEERE   

The company's bottom line totaled $722 million, or $2.27 per share. This compares with $785 million, or $2.42 per share, in last year's fourth quarter.

Excluding items, Deere And Co reported adjusted earnings of $681 million or $2.14 per share for the period.

Analysts had expected the company to earn $2.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $9.90 billion from $9.42 billion last year.

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