Deere's Q3 Misses Estimates: Tariffs, Costs, and Inventory

Deere & Companys Q3 results missed Wall Streets expectations, with revenue of $10.58 billion falling short of the estimated $11.62 billion. Higher sales were offset by increased production costs, particularly from tariffs, and pressure on profit margins. Despite achieving over $5 billion in net income, the company faces challenges due to external factors. Analysts questioned the impact of tariffs and sales mix, while Deere attributed lower price increases for large agricultural equipment to geographic sales and a higher proportion of parts sales. Future performance will depend on managing tariff-driven margin pressures, reducing used equipment inventory, and adopting new technologies in agricultural and construction sectors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.