The following is a round-up of news likely to affect stock prices today:
Deere & Co (DE) announced stronger-than-expected quarterly earnings on Wednesday. The tractor maker reported 19% higher profit of $243.2 million, or 57 cents a share, as cost cuts and strength at its in-house finance arm overcame global economic conditions that had revenue falling 6% to $4.84 billion. Results beat analyst estimates of a profit of 19 cents a share on sales of $4.12 billion, according to Thomson Reuters I/B/E/S. Deere also lifted its forecast for the year. Shares jumped over 7% in premarket trading.