From Yahoo Finance: 2025-05-15 13:19:00

Deere & Co. stock hits record high as earnings beat analyst estimates, but profit outlook trimmed due to Trump’s tariffs. Investors optimistic as farm markets stabilize and US-China trade tensions ease, possibly leading to sales recovery next year.

Despite declining tractor sales since 2023, US farmers benefit from stable crop prices and lower costs. Deere’s net income down 22% in April, but beat analyst estimates. Stock rises 6.8% in NY, up 21% this year.

Trump’s trade policies remain a risk as Deere trims full-year net income range by $250 million. Levies expected to cost $500 million in 2025, partially offset by price increases and cost reductions. Analysts see less dire outlook than feared.

Deere plans to invest $20 billion in the US over the next decade. CEO John C. May emphasizes leveraging US assets. Company faced criticism from Trump last year over potential production move to Mexico.

Read more: Deere Surges to Record on Optimism for Upturn in Farm Economy