MOLINE, Ill. (AP) _ Deere & Co. (DE) on Friday reported fiscal third-quarter profit of $1.88 billion.
The Moline, Illinois-based 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.
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