(Updates with share movement in the headline and the first paragraph, outlook in the last paragraph)
Deere (DE) shares were down more than 7% in Thursday trading after it reported fiscal Q2 earnings that declined from a year earlier.
The company reported fiscal Q2 earnings of $6.55 per diluted share, down from $6.64 a year earlier. Analysts surveyed by FactSet expected $5.78.
Net sales for the quarter ended May 3 were $11.78 billion, up from $11.17 billion a year earlier. Analysts polled by FactSet expected $11.55 billion.
The company also reaffirmed its fiscal 2026 net income in the range of $4.5 billion to $5.0 billion. Analysts polled by FactSet expect $4.79 billion.
Price: $520.58, Change: $-39.88, Percent Change: -7.12%