Deere gains after lifting annual profit forecast

The company posted third-quarter earnings per share of $5.10, above analysts' estimate of $4.70.

Third-quarter net sales were about $11 billion, while analysts on average expected $10.73 billion, according to data compiled by LSEG.

Including the session's move, shares were up about 34% year to date.

Shares of Deere rose about 7.5% to $624 in morning trading 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.

Deere now expects 2026 net income of $4.75 billion-$5 billion, compared with its earlier projection of $4.5 billion-$5 billion.