Deere Lowers Profit Outlook in 'Challenging' Economic Environment

1. Deere lowered full-year net income outlook due to cautious customer spending. 2. Shares dropped 6% after the outlook revision, reflecting market sentiment. 3. Q3 earnings beat estimates, but revenue declined 9% year-over-year. 4. Sales in major divisions fell significantly, indicating potential future challenges. 5. Despite issues, CEO maintains confidence in long-term growth and positive outcomes.