Deere cuts lower end of annual profit forecast on softer demand-February 2024-www.financetom.com

Deere cuts lower end of annual profit forecast on softer demand

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Deere cuts lower end of annual profit forecast on softer demand

May 26, 2025 8:23 AM

May 15 (Reuters) - Deere & Co ( DE ) cut the lower end

of its annual profit forecast on Thursday over softer demand for

its tractors from farmers opting to rent machines instead.

The world's largest agricultural-equipment maker expects its

annual net income to now be between $4.75 billion and $5.5

billion, compared to its prior forecast of $5 billion to $5.5

billion.

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