From Financial Modeling Prep: 2025-02-13 12:42:00

Deere & Co. (NYSE:DE) shares dropped over 2% after reporting a 50% decrease in net income and lower-than-expected sales for Q1. Net income fell to $869 million, revenue dropped 30% to $8.51 billion, and net sales were $6.81 billion, missing estimates.

Despite challenges, Deere maintained its full-year 2025 net income forecast of $5 billion to $5.5 billion. Sales in Production & Precision Agriculture are expected to decline by 15% to 20%, small agriculture and turf revenue by 10%, and construction and forestry equipment sales by 10% to 15%.

As the largest farm equipment manufacturer, Deere faces industry pressures with lower demand and inventory challenges affecting financial performance. While the company reaffirmed its guidance, the significant revenue decline and sector challenges have caused investor concern, leading to a drop in stock price.



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