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NEW YORK (TheStreet) -- Deere & Co. (DE) - Get Deere & Company Report shares are jumping by 4.47% to $79.75 in pre-market trading on Wednesday morning, after the farm equipment manufacturer posted fourth quarter 2015 earnings results that exceeded analysts' estimates today. 

For the most recent quarter ended October 31, the company earned $1.08 a share on $6.71 billion in revenue. 

Wall Street had forecast the company to deliver earnings of 75 cents a share on revenue of $6.13 billion. 

During the fourth quarter of 2014, the company earned $1.83 a share on $8.96 in revenue. 

Financial results were robust even though Deere had to weather lower crop prices affecting sales along with lower shipment volumes. 

"Sales and earnings for the year were the sixth-highest in company history, a notable achievement in light of the challenging market conditions we experienced," CEO Samuel R. Allen stated. "The company's performance benefited from the adept execution of our business plans and disciplined cost management.

In addition to cost cuts, the company's margins were helped by inventory reductions. 

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Separately, TheStreet Ratings team rates DEERE & CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate DEERE & CO (DE) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk.

You can view the full analysis from the report here: DE

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