Don’t miss the latest developments in business and finance.

Deere's fourth-quarter earnings miss Wall Street estimates

Image
Reuters CHICAGO
Last Updated : Nov 21 2018 | 5:15 PM IST

CHICAGO (Reuters) - U.S. tractor maker Deere & Co.'s fourth-quarter earnings missed Wall Street's estimates, hurt by a slowdown in demand.

For the quarter ended on Oct. 28, it reported an adjusted profit of $2.30 per share, up 46 percent but below analyst estimates of $2.45 per share, according to Refinitiv Eikon data.

The Moline, Illinois-based company said it expects net income of about $3.6 billion in fiscal 2019 on sales up about 7 percent.

(Reporting by Rajesh Kumar Singh; editing by Jason Neely)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 21 2018 | 5:11 PM IST

Next Story