CORPORATE REPORT: Deere & Co.; Infosys Ltd.

Deere & Co. (DE) — The agricultural equipment maker's fiscal third-quarter profit topped analysts' estimates, buoyed by improving sales. But its adjusted revenue missed Wall Street's forecast. The company earned $641.8 million, or $1.97 per share, for the period ended July 30. A year ago it earned $488.8 million, or $1.55 per share.

Analysts surveyed by Zacks Investment Research were looking for earnings of $1.93 per share. Revenue rose to $7.81 billion from $6.72 billion. Its adjusted revenue was $6.83 billion, which was short of the $6.88 billion that analysts polled by Zacks expected. Deere said it foresees fiscal 2017 net income of about $2.08 billion. Analysts surveyed by FactSet predict net income of $2.06 billion. The company's shares closed Friday at $117.31, down $6.67, or 5.4 percent.

Infosys Ltd. (INFY) — The CEO of the India-based outsourcing and information technology company, Vishal Sikka, has resigned following differences with some founders of the company. The Infosys board of directors accepted Sikka's resignation and appointed U.B. Pravin Rao as interim CEO and managing director. In his notice to the board, Sikka said he was leaving because of "a continuous stream of distractions and disruptions" that were hindering management of the company. Sikka was the first non-founder CEO of the Bangalore-based company. He joined Infosys in 2014. Some of the founders recently complained over salary issues and large compensation packages paid to some senior employees who had quit the company. The company said Sikka was made an executive vice-chairman. He will stay in that capacity until a new permanent CEO and managing director takes charge by March 31. Its shares closed in New York at $14.79, down $1.14, or 7.2 percent.