While reporting financial results for the first quarter on Thursday, Deere & Co. (DE) maintained its guidance for net income attributable to the company for the full-year 2025 in the range of $5.0 billion to $5.5 billion.
For the first quarter, the company reported net income attributable to Deere of $869 million or $3.19 per share, sharply lower than $1.75 million or $6.23 per share in the prior-year quarter.
Worldwide net sales and revenues for the quarter declined 30 percent to $8.51 billion from $12.19 billion in the same quarter last year. Net sales were $6.81 billion, down from $10.49 billion a year ago.
On average, analysts polled expected the company to report earnings of $3.25 per share on revenues of $7.89 billion for the quarter. Analysts' estimates typically exclude special items.
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Business News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.