Deere & Company reported third-quarter earnings of $5.10 per share, surpassing analyst estimates of $4.69 by $0.41. Revenue totaled $12.61 billion, exceeding the consensus forecast of $10.81 billion by approximately $1.8 billion.
The agricultural and construction equipment manufacturer’s stock closed at $580.63 on Tuesday, reflecting a 9.73% gain over the past three months and a 19.28% increase over the past year. The company’s financial health was rated as "fair performance" by InvestingPro.
Analysts have revised earnings expectations downward over the past 90 days, with 18 negative revisions recorded. No positive EPS revisions were issued during the same period.
