Deere falls as quarterly profit declines on tariff impact

Shares of farm equipment maker Deere & Co DE.N fall 8% to $472.42

Deere reports 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 view of $5.50 billion

"The top end of the F2025 Net Income guide was tweaked lower on lower segment margin expectations in C&F (construction and forestry segment)," - Jefferies

As of last close, stock had risen 11.5% YTD