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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。