Deere earnings fall, but still beat forecasts as shares fall

Deere & Co. stock fell early Thursday after the farm and construction equipment maker lost fiscal fourth-quarter profit but offered soft guidance for fiscal 2025.

Moline, Ill.-based Deere reported net income of $1.245 billion, or $4.55 per share, for the quarter ended Oct. 27, compared with $2.369 billion, or $8.26 per share, in the quarter a year earlier. . Revenue fell 28% to $11.143 billion from $15.412 billion a year ago.