Deere Stock Slides as Sales Fall More Than Expected

1. Deere's Q1 sales dropped 30% year-over-year to $8.51 billion. 2. Earnings per share of $3.19 exceeded estimates but fell from $6.23 a year ago. 3. Sales outlook predicts a 10% to 20% decline in agriculture and construction sectors. 4. Deere affirmed full-year profit forecast of $5 billion to $5.5 billion. 5. Concerns remain over potential impacts of import tariffs on sales outlook.