Deere cuts lower end of annual profit forecast on softer demand
ReutersMay 15, 2025 10:10 AM
May 15 (Reuters) - Deere & Co DE.N cut the lower end of its annual profit forecast on Thursday over softer demand for its tractors from farmers opting to rent machines instead.
The world's largest agricultural-equipment maker expects its annual net income to now be between $4.75 billion and $5.5 billion, compared to its prior forecast of $5 billion to $5.5 billion.
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