Deere & Co. (NYSE: DE) stock is up over 9% after the company surprised analysts with a beat-and-raise quarter. For the company's Q3 of its fiscal year 2026 (FY2026), Deere delivered revenue of $12.61 billion, beating estimates of $10.81 billion. On the bottom line, adjusted earnings per share (EPS) of $5.10 beat estimates for $4.71.
Both numbers were also higher than in the same quarter of FY2025. Net sales and revenues were up 5%, and diluted EPS was up 7%. The year-over-year beat on the bottom line was particularly noteworthy because the number had come in lower in the last two quarters.
