Photo: WQAD News 8
(Moline, IL) -- Deere and Company stock is up slightly in early trading after this morning's Q4 earnings report showed the company beating analysts expectations.
Net income was down 47% year-over-year, and revenue was down 28% since last October. Both were higher than expected.
Production & Precision Agriculture sales dropped 38%. Small Agriculture & Turf sales were down 25%, while Construction & Forestry dropped 29%.
Deere expects North American ag equipment sales to drop 30% next fiscal year.
Photo Credit: WQAD News 8