MOLINE, Ill. — Deere & Co. today reported fiscal third-quarter profit of $1.88 billion.
The company said it had net income of $6.16 per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $6.64 per share.
The agricultural equipment manufacturer posted revenue of $14.1 billion in the period. Its adjusted revenue was $13 billion, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $12.9 billion.