(Moline, IL) — Deere & Company stock fell Thursday after the agricultural equipment manufacturer released it’s first-quarter earnings report.
The Quad Cities-based company reported worldwide net sales and revenue fell by 30-percent in the first-quarter, but still beat analysts projections by almost a billion dollars. Earnings per share were down by just over half of what they were in Q1 of 2024.
Deere warned market challenges and declines will continue, and could worsen due to import tariffs by the U.S. and retaliatory tariffs by other countries. And by the loss of two-billion in U.S. commodity purchases by the now shuttered U.S. Agency for International Development.
