Deere Misses Estimates Amid Tariff Concerns, Trade Woes

The video discusses the challenges faced by Deere due to the global trade war, highlighting a significant drop in their shares. The earnings report met sales expectations but missed profit estimates, largely due to increased input costs from tariffs and reduced spending by farmers. The CFO noted a reduction in margin forecasts, with higher costs for steel and aluminum impacting profitability. A comparison with Caterpillar shows differing market expectations, with Deere's performance surprising Wall Street.

What impact did the uncertainty in the market have on customer spending, particularly among farmers?

How did the company's performance compare to Caterpillar's according to the charts mentioned?