Why Deere Stock Fell Today

Why Deere Stock Fell Today
·1 min read

Shares of Deere & Company (NYSE: DE) fell today after the company reported its second-quarter results. Despite beating Wall Street's expectations for the company's bottom line, investors were disappointed that revenue fell below analysts' consensus estimate. Deere reported diluted earnings of $6.81 per share in the quarter, up from $5.68 in the year-ago quarter, which easily beat analysts' average estimate of $6.65 per share.