Deere & Co.'s stock DE rose 1.5% early Thursday, after the maker of agricultural and construction equipment blew past earnings for its fiscal fourth quarter, overshadowing soft guidance for fiscal 2025. Moline, Illinois-based Deere posted net income of $1.245 billion, or $4.55 a share, for the quarter ended Oct. 27, down from $2.369 billion, or $8.26 a share, in the year-earlier period. Revenue rose 28% to $11.143 billion from $9.275 billion a year ago. The FactSet consensus was for EPS of $3.87 and revenue of $9.199 billion. "Amid significant market challenges this year, we proactively adjusted our business operations to better align with the current environment," CEO John May said in prepared remarks. The company is now expecting fiscal 2025 net income of $5.0 billion to $5.5 billion, while FactSet is expected $5.8 billion. The stock has gained 1.3% in the year to date, while the S&P 500 SPX has gained 24%.