Deere's stock falls as quarterly earnings fall less than forecast the but the full-year outlook misses

Shares of Deere & Co. DE dropped 3.1% toward a two-month low in premarket trading Thursday, after the agricultural, construction and turf equipment maker reported fiscal first-quarter earnings that were well above expectations but provided a downbeat full-year outlook, with industry and segment sales expected to keep falling. Net income for the quarter to Jan. 28 declined to $1.75 billion, or$6.23 a share, from $1.96 billion, or$6.55 a share, in the year-ago period. The FactSet consensus for earnings per ...