Deere Drops 5% Despite Strong Q3 & Raised Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/DE'>Deere (NYSE:DE)</a> shares dropped more than 5% on Friday despite the upward adjustment of the company’s full-year guidance.</p>
<p>The company's new expectations for the full-year net income fall within the range of $9.75 billion to $10.00 billion, marking an increase from the previous projection that ranged between $9.25 billion and $9.50 billion.</p>
<p>Deere achieved an impressive Q3 earnings per share (EPS) of $10.20, surpassing the analyst prediction of $8.20. Furthermore, the company's quarterly revenue reached $15.8 billion, exceeding the Street estimate of $14.12 billion.</p>
<p>John May, the chairman and CEO, commented that Deere's robust performance in the third quarter is a reflection of favorable market conditions and ongoing enhancements in the operational landscape.</p>

NYSE:DE