Moline, Ill.-based Deere & Co. reported a rise in fiscal-fourth-quarter profits to $806.8 million, or $2.11 a share, from $687.6 million, or $1.75 a share, in the year-ago period, MarketWatch reported. Total net sales and revenues in the three months ending Oct. 31 fell 3 percent to $9.45 billion. Net sales of the equipment operations fell to $8.62 billion from $9.05 billion a year earlier. Earnings beat estimates of analysts polled by FactSet. The company said today it expects equipment sales to decline about 3 percent for fiscal year 2014 and fall about 2 percent in the first quarter. Deere said it predicts a 2014 profit of about $3.3 billion. CEO Samuel Allen highlighted the completion of seven new factories in Brazil, Russia, India and China, which he said are "essential" in helping the company grow its customer base. At 10:16 a.m., Deere shares were up 2.4 percent premarket.