November 21, 2018 / 11:35 AM / 19 days ago

Deere's Q4 earnings miss Wall Street estimates

CHICAGO, Nov 21 (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)

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