Deere & Company (DE) now projects net income attributable to company for fiscal 2026 to be in a range of $4.5 billion to $5.0 billion. The company said its sustained investment in research and development throughout the cycle is yielding measurable results as it moves toward launching a wide range of innovative products and solutions across all business segments.
For the first quarter, the company's bottom line totaled $656 million, or $2.42 per share. This compares with $869 million, or $3.19 per share, last year. Revenue rose 13.0% to $9.611 billion from $8.508 billion last year.
In pre-market trading on NYSE, Deere & Company shares are up 3.88 percent to $616.06.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.