BUZZ-Deere & Co: Q4 profit beats

Wed Nov 25, 2015 8:01am EST
 
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** Farm equipment maker's shares up 5.3 pct at $80.35 premarket

** Company reports better-than-expected Q4 profit, helped by lower effective tax rate and costs, and "price realization" of 1 pct

** Deere forecast full-year 2016 net income of $1.40 bln attributable to company, above average analyst estimate of $1.33 bln

** Up to Tuesday's close, stock had fallen about 14 pct this year, while Dow Jones U.S. Commercial Vehicles & Trucks index had declined 21 pct