Coherent Falls, Deere Drops, Tapestry Down on Outlook
On this episode of Stock Movers:
- Coherent (COHR) shares fall after the semiconductor device company gave an outlook that underwhelmed and which, according to some analysts, implied AI deceleration. The firm said it would sell its Aerospace and Defense
- Deere (DE) shares slide as the world’s biggest farm machinery maker pared its full-year earnings outlook with lower grain prices curbing farmers’ spending. “Customers remain cautious amid ongoing uncertainty,” Deere said in a statement Thursday as the company announced third-quarter earnings.
- Tapestry (TPR) shares fall as its' annual outlook for a key profit metric missed analysts’ forecasts due in part to tariffs. It's a sign that Wall Street is still adjusting to the full cost of duties for US firms.
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