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Deere Tops Earnings Estimates, Reaffirms Focus on US Manufacturing

Shares of the agricultural and construction equipment maker rose nearly 4 percent. Over the past five years, the stock has risen nearly 310 percent.
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Deere Tops Earnings Estimates, Reaffirms Focus on US Manufacturing
An attendee climbs into an autonomous tractor at John Deere's booth at the Consumer Electronics Show in Las Vegas on Jan. 7, 2025. Ian Maule/AFP via Getty Images
Panos Mourdoukoutas
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John Deere’s revenue and earnings dropped in the second quarter of fiscal year 2025 due to a global decline in sales, but beat expectations. The company reaffirmed its guidance for the rest of the fiscal year, continuing to embrace local American manufacturing.

On May 15, the Moline, Illinois-based agricultural and construction equipment maker reported net income of $1.804 billion for the second quarter ended April 27, or $6.64 per share, exceeding market forecasts. That compares with net income of $2.370 billion, or $8.53 per share, for the same quarter a year earlier.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”