Deere Stock Drops 3.38% Amid Earnings Slump
1min read On April 24, 2025, Deere's stock experienced a 3.38% drop in pre-market trading, reflecting investor concerns and market sentiment.
Deere's recent financial performance has been under scrutiny, with the company's 2025 first-quarter report showing a decline in both revenue and net profit. The main business revenue was 1.75 billion yuan, down 8.18% year-on-year, while the net profit attributable to the parent company was 142.196 million yuan, down 37.37% year-on-year. The net profit after deducting non-recurring gains and losses was 138.229 million yuan, down 37.64% year-on-year. The company's debt ratio stood at 27.01%, with investment income at 2.177 million yuan and financial expenses at -6.831 million yuan. The gross profit margin was 13.53%.
Deere's recent patent acquisition for a "cylinder seal back arc cutting device" has been noted as a positive development. The patent, authorized with the publication number CN222740837U, was applied for on July 2024. This innovation is expected to enhance the precision and efficiency of the company's manufacturing processes, potentially boosting investor confidence in the long term.
Additionally, Deere's involvement in the "2x35MW thermal power cogeneration project coal storage shed steel frame engineering procurement project" has been highlighted. The company was awarded a contract worth 110.962 million yuan, indicating continued investment in infrastructure and energy projects. This development suggests that deere is actively pursuing opportunities in the energy sector, which could diversify its revenue streams and mitigate risks associated with market fluctuations.
