Deere profit tops expectations, stock slides on soft forecast

Deere & Co.'s EPS currently sits at 80 cents, 9 cents above analysts' expectations.

By Alison Martin Deere and Co.’s first quarter earnings handily beat analyst expectations Friday, but Deere shares came under pressure after the agricultural-equipment giant dismayed investors with a downbeat full-year forecast. In the quarter ended. Jan. 31, the maker of iconic green-and-yellow tractors reported its net income of $254.4 million, or 80 cents per diluted […]