Deere & Co. (NYSE:DE) announced that profit for the fiscal fourth quarter increased by 3% to $687.6 million, or $1.75 per share, versus $669.6 million, or $1.62 per share, in the same period last year. Sales increased by 14% to $9.79 billion. Analysts had expected the company to earn $1.88 per share, on sales of $8.93 billion. The company expects a fiscal 2013 profit of about $3.2 billion, slightly below analyst estimates of $3.26 billion.
Shares are lower in early trading.
Zale (NYSE:ZLC) announced that it lost $28 million in the first quarter, while revenue grew by 1.8 percent to $357 million versus $351 million during the same period in 2012. Same store sales increased by 3.9 percent.
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