Story perspectives
John Deere Faces $600M Tariff Hit, Stock Plummets
8/15/2025
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Story summary
- John Deere anticipates $600 million in tariff costs for fiscal 2025, doubling earlier estimates.
- Despite exceeding Q3 earnings expectations, the stock declined nearly 7%, losing $34 billion in market value.
- The company experienced a 26% decrease in net income and revised its full-year outlook to $4.75 billion to $5.25 billion.
- Technical indicators show oversold conditions, with key support at $471.26.
- Caterpillar's stability suggests Deere's selloff is specific to its stock, not the sector.
