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Deere reports a significant drop in Q1 2025 sales and earnings, citing inventory issues and market uncertainty.
Deere & Co. reported a 30% drop in first-quarter 2025 net sales to $8.51 billion, with earnings per share falling to $3.19, down from $6.23 last year.
The company cited inventory issues and market uncertainty as factors.
Operating profit dropped 63.4% to $793 million, with all divisions reporting declines.
Deere reaffirmed its fiscal 2025 net income guidance of $5.0 to $5.5 billion, and shares fell 4.52% premarket.
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Deere reporta una caída significativa en las ventas y ganancias del primer trimestre de 2025, citando problemas de inventario e incertidumbre del mercado.