Investing.com -- Deere & Company (NYSE:DE) reported second-quarter earnings that exceeded analyst expectations, driven by strong performance in its construction and small agriculture divisions, sending shares up 2.2% premarket on Thursday.
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Investing.com -- Deere & Company (NYSE:DE) reported second-quarter earnings that exceeded analyst expectations, driven by strong performance in its construction and small agriculture divisions, sending shares up 2.2% premarket on Thursday.
Agricultural and construction machinery company Deere (NYSE:DE) beat Wall Street’s revenue expectations in Q1 CY2026, with sales up 4.7% year on year to $13.37 billion. Its GAAP profit of $6.55 per share was 14.1% above analysts’ consensus estimates.
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Deere & Company (NYSE:DE) reported second-quarter earnings ahead of analyst expectations, supported by strong momentum in its construction and small agriculture businesses, sending shares up 2. 2% in premarket trading on Thursday.
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For its fiscal second-quarter, Deere reported earnings per share of $6.55. Wall Street was looking for $5.70.
Deere posted higher fiscal second-quarter sales as growth in the company’s construction equipment business helped to offset weakness in its production agriculture segment.