US Stock Market Move | Deere & Company (DE.US) rose over 7% as Q3 earnings exceeded expectations.

On Thursday, Deere & Co. (DE.US) rose more than 7%, closing at $624.06. In news, Deere announced its third-quarter earnings report for the fiscal year 2026. For the three months ending August 2, the company reported a net profit of $1.38 billion, compared to a net profit of $1.29 billion in the same period last year. Earnings per share for the quarter were $5.10, exceeding the market expectation of $4.69 set by FactSet research analysts. Net sales and revenue increased by 6.2%, reaching $11 billion, surpassing Wall Street's prediction of $10.81 billion; the companys total revenue reached $12.61 billion. Deere raised the lower end of its full-year net profit guidance, increasing the previous target to $4.75 billion while keeping the upper limit unchanged at $5 billion.