Deere Sees Lower 2025 Profit With Farmers Still Not Spending [Yahoo! Finance]
CNH Industrial N.V. Common Shares (CNH)
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Paris to Replace Parking Spaces With Trees Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll The sector has been suffering as sales have dropped from peak levels of 2022, when Russia's invasion of Ukraine sent crop prices soaring and gave farmers more to spend on gear. Deere's net income for fiscal 2025 will be between $5 billion and $5.5 billion, the company said Thursday in its first outlook for the coming year. That's below analyst estimates for $5.83 billion compiled by Bloomberg, and down from $7.1 billion in the fiscal year just ended. “Amid significant market challenges this year, we proactively adjusted our business operations to better align with the current environment,” Chief Executive Officer John May said in a statement. While four
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- John Deere Ottumwa Works will temporarily close in December due to sluggish demand [USA TODAY]USA TODAY
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