In this article

DE

Follow your favorite stocks CREATE FREE ACCOUNT

John Deere is warning that tariff costs for the agricultural machinery company could reach a total of $600 million for the fiscal 2025 year.

The company released its fiscal third-quarter earnings report Thursday, beating on the top and bottom lines but posting significant year-over-year decreases in net income and sales.

The stock sank roughly 7% in midday trading.

The company noted that operating profits for the quarter decreased primarily due to higher tariffs and production costs associated with it.

Deere's Director of Investor Relations John Beal said on an earnings call with analysts Thursday that the company took a significant hit in the third quarter due to tariffs.

"Tariff costs in the quarter were

See Full Page