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BUZZ-Deere gains after lifting annual profit forecast

BUZZ-Deere gains after lifting annual profit forecast

ReutersReuters2026/08/20 15:16

Updates

** 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)

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