Deere & Company (NYSE:DE) shares tumbled on Wednesday after the agricultural equipment giant posted fourth-quarter results and issued a worse-than-expected fiscal 2026 outlook.

Details

The heavy machinery maker reported earnings per share of $3.93, beating the consensus of $3.88.

It reported an 11% year-over-year (Y/Y) increase in quarterly sales to $12.39 billion, beating the consensus of $9.85 billion.

Also Read: Deere Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

“This past year brought its share of challenges and uncertainty, but thanks to the structural improvements we’ve made and the diverse customer segments and geographies we serve, we were able to achieve our best results yet for this point in the cycle,” said John May, chairman and CEO of John Deere.

Segment Performance

Production and precision agriculture sales rose ...