Deere Shares Plunge 6.76% Amid Q3 Earnings Slump

Deere & Company's stock tumbled 6.76% to $478.84 on August 14 after reporting a 26% year-over-year decline in Q3 net income. The agricultural machinery giant posted $1.289 billion in quarterly profit, down from $1.734 billion in the same period last year, as weakening demand and elevated used equipment inventories pressured margins.

Despite maintaining its full-year guidance, the earnings miss triggered a swift market reaction. The company faces persistent headwinds across Core equipment markets, with Q3 sales dropping 9% annually. After-hours trading showed modest recovery, with shares edging up 0.24% to $480.00.

This marks Deere's second consecutive quarter of earnings contraction, reflecting broader macroeconomic uncertainty in industrial sectors. The unchanged 2025 forecast suggests management anticipates continued challenges in equipment demand and inventory normalization.