Deere And Co Announces Advance In Q4 Income, Beats estimates

(RTTNews) - Deere And Co (DE) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $2.25 billion, or $7.44 per share. This compares with $1.28 billion, or $4.12 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $7.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 37.2% to $15.54 billion from $11.33 billion last year.

Deere And Co earnings at a glance (GAAP) :

-Earnings (Q4): $2.25 Bln. vs. $1.28 Bln. last year. -EPS (Q4): $7.44 vs. $4.12 last year. -Analyst Estimate: $7.11 -Revenue (Q4): $15.54 Bln vs. $11.33 Bln last year.