Deere And Co Q4 adjusted earnings Miss Estimates

(RTTNews) - Deere And Co (DE) revealed a profit for its fourth quarter that climbed from last year.

The company's profit totaled $784.8 million, or $2.42 per share. This compares with $510.3 million, or $1.57 per share, in last year's fourth quarter.

Excluding items, Deere And Co reported adjusted earnings of $747.7 million or $2.30 per share for the period.

Analysts had expected the company to earn $2.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.5% to $9.42 billion from $8.02 billion last year.

Deere And Co earnings at a glance:

-Analysts Estimate: $2.45 -Revenue (Q4): $9.42 Bln vs. $8.02 Bln last year.