Deere & Company reported its fiscal fourth-quarter earnings, surpassing Wall Street expectations with earnings per share of $4.55 against the estimated $3.87, and net sales of $11.14 billion compared to the anticipated $9.33 billion. Despite the earnings beat, the company's stock experienced a significant increase of 9% following the announcement. However, Deere issued a cautious outlook for fiscal year 2025, with net income guidance ranging from $5.0 billion to $5.5 billion, falling short of the consensus estimate of $5.83 billion. The company's CEO, John May, highlighted proactive adjustments made to business operations in response to market challenges. Deere's stock has been a laggard this year but showed signs of recovery with this earnings report. Net sales for the quarter were down 28% year-over-year, with production revenue decreasing by 38% and financial revenue increasing by 13%. The company reported a net income of $1.245 billion for the fourth quarter and $7.1 billion for the fiscal year.