0910 ET - Deere tempering its outlook because of tariffs comes as no surprise, says Raymond James' Tim Thein in a research note. The world's largest seller of farm equipment now sees net income in fiscal 2025 in a range between $4.75 billion and $5.50 billion, after previously forecasting net income for the year between $5 billion and $5.5 billion. "At this point of the year, it has especially high revenue visibility, making the $750 million delta implied in the 2H guidance range notably high and reflective of the uncertainty and dynamic nature of global trade policy," says Thein. For the stock, he adds that trade policy and grain market fundamentals will remain an important driver near-term. Deere ticks up 2% to $507.43 premarket. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 15, 2025 09:10 ET (13:10 GMT)
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