business
Deere tops quarterly estimates despite weak agricultural demand
Key takeaways
- For the fiscal second quarter ended May 3, the company posted earnings per share of $6.55, slightly below $6.64 in the same period a year earlier but above analyst expectations of $5.70.
- Net income was $1.77 billion, compared with $1.80 billion a year ago.
- Worldwide net sales and revenues rose 5% to $13.37 billion, also ahead of consensus estimates of $11.56 billion.
Deere tops quarterly estimates despite weak agricultural demand Deere tops quarterly estimates despite weak agricultural demand Proactive uses images sourced from Shutterstock Proactive Thu, May 21, 2026 at 10:17 PM GMT+7 1 min read DE Deere & Company (NYSE:DE, XETRA:DCO) reported quarterly results that came in ahead of Wall Street expectations for both sales and profit, even as weakness in agricultural equipment demand continued to weigh on its core farm machinery business.
For the fiscal second quarter ended May 3, the company posted earnings per share of $6.55, slightly below $6.64 in the same period a year earlier but above analyst expectations of $5.70.
Net income was $1.77 billion, compared with $1.80 billion a year ago.
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