NEWS
Wed Nov 21, 2012 09:21 AM CST

MINNEAPOLIS (AP) -- Farm and construction gear maker Deere & Co. reported a bigger fourth-quarter profit as it sold more equipment at higher prices, but results still missed analyst expectations.

Deere said its net income rose 2.7 percent to $687.6 million, or $1.75 per share for the quarter ended Oct. 31. Revenue rose 14 percent to $9.79 billion. Analysts surveyed by FactSet had been expecting earnings of $1.88 per share. A year ago, Deere's net income was $669.6 million, or $1.62 per share.

Deere revenue got a boost from a 4 percent increase in prices, although some of that gain ...

Quick View
Related News Stories
Machinery Chatter
Cattle Chutes on Display at Farm Show
Machinery Chatter
Ag Drones Under Scrutiny
Machinery Chatter
To Bag or Not to Bag?
Machinery Chatter
Farmers Pivot Back After Storms
Machinery Chatter
Deere Takes Hit