Overview

• Deere's third-quarter earnings exceeded analyst expectations, despite a 17% year-over-year revenue decline.
• Net income fell over 40% from the previous year, yet still surpassed forecasts.
• Higher pricing on agricultural vehicles helped offset reduced demand and sales.
• The company anticipates a 10% to 25% drop in full-year sales, with slight price increases.
• Deere shares rose in pre-market trading following the earnings report.