Deere forecasts weak annual profit as tariffs weigh on large-farm-equipment unit

Deere drops as tariffs and a weak profit forecast weigh down a Q4 sales beat

Deere shares fell about 5% in premarket trading on Wednesday....

Deere forecasts weak annual profit as tariffs weigh on large-farm-equipment unit

Company posted quarterly net income of $1.06-billion, down from US$1.24-billion a year ago

Deere forecasts weak annual profit on tariff hit

Nov 26 (Reuters) — Deere & Co DE.N forecast an annual profit below estimates on Wednesday, pressured by tariff impacts and weaker margins from its large tractors, sending the farm-equipment maker's shares down 4% in premarket trading. CEO John May said ongoing margin pressures from tariffs would continue to weigh on its large farm equipment unit, although he expects to benefit from cost cuts and demand from two of its other units that serve fore…