MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Thursday reported fiscal fourth-quarter profit of $1.25 billion.
On a per-share basis, the Moline, Illinois-based company said it had net income of $4.55.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.89 per share.
The agricultural equipment manufacturer posted revenue of $11.14 billion in the period. Its adjusted revenue was $9.28 billion, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $9.12 billion.
For the year, the company reported profit of $7.1 billion, or $25.62 per share. Revenue was reported as $44.76 billion.
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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
