Steris Rises, Deere Surges, T-Mobile Up after Deutsche Telekom Results
On this episode of Stock Movers:
- Steris stocks rise after 4Q life sciences revenue beat average estimates. Piper Sandler analysts noted operating margin and earnings finish on a high note, the fact that its FY guidance for 2026 is bracketing Street estimates is a nice starting point considering it needed to absorb tariff impacts.
Deere shares surge to a record after earnings beat the highest of analyst estimates. It trimmed profit outlook for the year. The farm economy has been challenged as tractor sales have been trending lower since a 2023 record as falling crop prices eroded farm income. Most observers expect the market to bottom out this year, with a rebound seen for 2026.
T-Mobile shares rise after Deutsche Telekom first quarter profit topped estimates, showing resilience in its home market of Germany. The company raised its Ebitdaal forecast for the year to around €45 billion this year That reflects a similar move by T-Mobile in the US when it reported 1Q results last month .
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