Deere & Company reported fiscal third-quarter revenue of $12.02 billion, a 9% decline from a year earlier but ahead of analysts’ expectations. Net income fell 26% to $1.29 billion, or $4.75 a share, down from $6.29 a year ago. Sales at the Production & Precision Agriculture division, a key contributor, slipped to $4.27 billion. The maker of farm and construction machinery tightened its full-year 2025 net-income forecast to a range of $4.75 billion to $5.25 billion, trimming the upper end of its previous guidance of up to $5.50 billion. Deere cited softer demand, lower crop prices and the lingering impact of U.S. tariffs, with Chief Executive Officer John May saying customers remain cautious amid “ongoing uncertainty.” Investors reacted negatively to the weaker outlook. Deere’s shares fell about 6–7% in pre-market New York trading, adding to pressure on industrial stocks already grappling with slowing agricultural spending and an oversupply of used equipment.