US Stock Market Move | Lowering the 2025 fiscal year net income outlook, Deere & Company (DE.US) fell by nearly 8%.

On Thursday, Deere & Company (DE.US) fell nearly 8%, closing at $472.59. On the news front, the company's third-quarter financial report showed a 26% year-on-year decline in net profit to $1.289 billion, with earnings per share dropping to $4.75. At the same time, the company lowered its net income outlook for fiscal year 2025 to $4.75 billion to $5.25 billion, down from the previous range of $4.75 billion to $5.5 billion. Deere's third-quarter 2025 production and precision agriculture sales decreased by 16% year-on-year to $4.27 billion, as the oversupply issue in the second-hand equipment market continued to suppress demand for new equipment.