The Deere & Firm (NYSE: DE), a number one producer of agricultural and development gear, on Thursday reported a double-digit fall in income and internet revenue for the second quarter of 2025.
The corporate’s worldwide internet gross sales and revenues decreased 16% year-over-year to $12.8 billion within the second quarter. Income declined throughout all working segments.
Web revenue got here in at $1.8 billion or $6.64 per share within the April quarter, in comparison with $2.37 billion or $8.53 per share within the corresponding quarter final yr. The administration expects internet revenue for fiscal 2025 to be within the vary of $4.75 billion to five.50 billion.