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Deere & Company DE posted mixed third-quarter results and trimmed its full-year profit forecast.
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Deere & Company (NYSE:DE ) Q3 2025 Earnings Conference Call August 14, 2025 10:00 AM ET Company Participants Christopher Seibert - Corporate Participant Cory J. Reed - President of Precision Ag for Americas & Aus and International President Sml Agri & Grn Space Equip Josh Beal - Director of Investor Relations Joshua A.
Deere & Co. NYSE: DE stock is dropping sharply after it lowered its full-year guidance, citing tariff uncertainty, cautious customer spending, and weaker crop prices. The stock was down more than 8% in midday trading on Aug. 14 as investors continue to punish companies projecting a slowdown.
DE's Q3 profit drop was led by sharp declines in Production & Precision Agriculture and Construction & Forestry sales.
John Deere reported third-quarter earnings Thursday that beat Wall Street estimates. Still, the agricultural machinery company said it took a $200 million hit from global tariffs in the quarter.
U.S. equities were lower at midday as wholesale inflation rose more than expected in July. The Dow Jones Industrial Average, S&P 500, and Nasdaq were all down.
Kristen Owen, Oppenheimer senior analyst, joins 'Money Movers' to discuss John Deere earnings as shares slide after reporting.
Deere & Company (NYSE:DE, ETR:DCO) shares moved lower as the company narrowed its full-year profit guidance along with the release of its fiscal third quarter earnings. The agricultural machinery company now expects net income in the range of $4.75 billion to $5.25 billion, trimming the top end of its guidance from $5.5 billion.