Deere beats expectations
John Deere beat Wall Street expectations for its fourth quarter numbers.
The company did 75 cents better than expected and posted a profit of $8.26 per share. This is better than the 7.40 a share Wall Street was anticipating. Deere’s overall profit in the fourth quarter topped $2.3 billion.
For the year, company officials say Deere cleared over $10 billion in profit.