Deere falls as quarterly profit declines on tariff impact

** Shares of farm-equipment maker Deere & Co DE.N fall about 7% to $478.01 premarket

** Deere reported lower third-quarter profit, hurt by muted demand and headwinds from U.S. tariffs

** Q3 net income came in at $1.29 billion, or $4.75 per share, compared with $1.73 billion, or $6.29 per share, a year earlier

** Co also cut the upper end of its annual profit forecast to $5.25 billion, down from its prior expectation of $5.50 billion

** As of last close, stock had risen 21.2% YTD