06:38 AM EDT, 05/16/2024 (MT Newswires) -- Deere & Company ( DE ) reported fiscal Q2 diluted earnings Thursday of $8.53 per share down from $9.65 per share a year earlier.

Analysts polled by Capital IQ expected $7.92 per share.

Net revenue for the quarter ended April 28 was $13.61 billion, down compared with $16.08 billion a year earlier.

Analysts surveyed by Capital IQ expected $13.32 billion.

Deere shares fell 6% in premarket trading.

Price: 386.55, Change: -27.47, Percent Change: -6.63