BUZZ-Deere gains after lifting annual profit forecast
Reuters2026/08/20 15:16Updates
** Shares of Deere DE.N rise ~7.5% to $624 in morning trading
** The tractor maker lifts lower end of 2026 net income forecast range, betting on improved demand for its small tractors and construction equipment
** Expects 2026 net income of $4.75 bllion-$5 billion, compared with earlier projection of $4.5 billion-$5 billion
** Posts Q3 EPS of $5.10 — above est. $4.70
** Q3 net sales ~$11 billion; analysts on avg expected $10.73 billion, , according to data compiled by LSEG
** Including session's move, shares rise about 34% YTD
(Reporting by Miraanta Lowrance)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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