Reddit and Deere both managed to exceed quarterly expectations
Shares of Reddit Inc (NYSE:RDDT) and Deere & Co (NYSE:DE) are taking a hit after earnings, tumbling as investors react to their latest results.
Reddit stock was last seen 4.8% lower at $206.10, after the social media giant reported fourth-quarter user numbers that fell short of expectations. While daily active unique visitors surged 39% year-over-year to 101.7 million, the figure missed the StreetAccount consensus of 103.1 million. Despite the disappointment, Reddit still delivered a top- and bottom-line beat for the quarter. So far in 2025, RDDT has added 23.6%.
Meanwhile, Deere stock was 3.4% lower at $460.15 at last glance, brushing off better-than-expected earnings and revenue in its fiscal first-quarter report. Investors reacted to the agricultural machinery company's cautious outlook, as it signaled softer demand ahead. DE maintains an 8.3% year-to-date lead.
Both stocks are experiencing higher-than-usual options activity in response. Reddit stock has seen 11 times its average intraday volume, while Deere stock has been traded at five times its typical volume for this point in a session. For RDDT, the most popular contract is the February 175 put, with new positions opening, while DE's most active contract is the March 470 put.