Shares of Deere (DE) were a laggard in Wednesday's trading session. The manufacturer of agricultural, construction and forestry equipment reported its fourth quarter earnings before the market open.
Fourth Quarter Results
Deere reported fourth quarter revenues of $9.79 billion, up 14% on the year. Total net sales of equipment rose 14% to $9.05 billion, above the analysts consensus of $8.82 billion.
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