Deere & Co. (DE) reported second quarter net income of $2.76 per share Wednesday morning, up from $2.61 per share last year. The consensus estimate was for EPS of $2.72. For fiscal 2013, Deere trimmed its equipment sales growth guidance to about 5 percent from the prior forecast of 6 percent.
Deere & Co. gapped open sharply lower Wednesday and is now down 4.70 at $89.07. The stock has fallen to nearly a 2-week low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.