Deere and Company (NYSE: DE) reported fourth-quarter 2020 financial results before the regular trading hours on Wednesday. The agricultural machinery manufacturer reported a 2% decline in Q4 revenue to $9.73 billion, surpassing the Wall Street consensus. The company reported a net income of $2.39 per share, better than what analysts had anticipated.
DE shares rose 2% immediately following the announcement. The stock has gained 47% since the beginning of this year.
![Deere & CO Q4 2020 earnings](https://cdn.news.alphastreet.com/wp-content/uploads/2020/11/Deere-CO-Q4-2020-earnings.png)
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