MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Wednesday reported fiscal fourth-quarter profit of $2.37 billion.
The Moline, Illinois-based company said it had profit of $8.26 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $7.49 per share.
The agricultural equipment manufacturer posted revenue of $15.41 billion in the period. Its adjusted revenue was $13.8 billion, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $13.63 billion.
For the year, the company reported profit of $10.17 billion, or $34.63 per share. Revenue was reported as $55.57 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