Deere gains after lifting annual profit forecast
DE•Quarterly results beat estimates
Deere posted third-quarter EPS of $5.10, above the estimate of $4.70.
Third-quarter net sales were about $11 billion; analysts on average expected $10.73 billion, according to data compiled by LSEG.
As of the last close, the stock had risen 24.7% year to date.
Shares rise after profit outlook increase
Shares of Deere DE.N rose about 3.3% to $600 premarket after the tractor maker lifted the lower end of its 2026 net income forecast range, betting on improved demand for its small tractors and construction equipment.
The company now expects 2026 net income of $4.75 billion-$5 billion, compared with an earlier projection of $4.5 billion-$5 billion.
