Reported about 16 hours ago
Deere & Co anticipates a lower-than-expected profit for 2025 due to declining farm incomes and inflation, which are impacting demand for agricultural machinery. Farmers are reassessing expenses as U.S. farm income is projected to drop for the second year in a row, leading to reduced equipment purchases and inventory restocking by dealers. The company forecasts a profit range of $5 to $5.5 billion, below analyst expectations, along with a significant decline in net sales from its machinery segments.
Source: YAHOO