Shares of Deere & Co. (DE) fell nearly 5% in pre-market trading on Wednesday after the company’s first outlook for the new financial year came in below Wall Street estimates. The weaker-than-expected guidance renewed concerns about the timing of a recovery in the US farm economy.
Deere’s stock, which closed at $498.13 on Tuesday, up 2.24%, slipped to around $474.95 in early pre-market action — a decline of 4.67%.
The company cited continued uncertainty across key segments, with analysts noting that softness in agricultural demand persists. The latest guidance suggests that farmers remain cautious about spending, delaying hopes of a near-term rebound for the broader farm equipment market.
