Deere & Co. reports better-than-expected fourth-quarter earnings even though sales of its green tractors, bulldozers and other equipment fell sharply.

The Moline-based company reports net income of $351.2 million, or $1.08 per share, for the quarter that ended October 31.

Deere also posted an earnings outlook for the year that surpassed Wall Street expectations.

The company has been hurt by weak commodity prices which have made farmers less likely to buy new equipment. And falling oil prices has hurt sales of its construction equipment.

Sales of tractors and other farm equipment fell 25 percent in the quarter compared to a year ago. Construction equipment sales were down 32 percent.