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PPI prints soared +90 bps month over month, sending pre-markets from flat into the red.
Nasdaq rebounds as Amazon, Netflix lead tech rally. US stocks recover early losses despite hot PPI; Deere drops 8% on tariff pressure and weak guidance.
While the top- and bottom-line numbers for Deere (DE) give a sense of how the business performed in the quarter ended July 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 100 points on Thursday.
Deere & Co. shares fell sharply on Thursday after the farm equipment manufacturer cut its full-year profit outlook, overshadowing stronger-than-expected quarterly earnings. The stock dropped more than 6.9% to $478 on Thursday's open, even as the S&P 500 and Dow Jones Industrial Average futures were little changed.
Shares of Deere & Co. (DE) slumped 6% in premarket trading Thursday when the big farming and construction machinery maker lowered its full-year outlook, saying "customers remain cautious."
Deere (DE) came out with quarterly earnings of $4.75 per share, beating the Zacks Consensus Estimate of $4.62 per share. This compares to earnings of $6.29 per share a year ago.
Earnings beat expectations, but streak of year-over-year revenue declines is extended and dealer inventory remains an issue due to a cautious consumer.
U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Thursday.
Disciplined execution yields solid results in the face of a challenging environment. Customers remain cautious amid ongoing uncertainty.