Deere Stock on the Rise Despite Posting Disappointing Earnings

Deere Stock

Deere stock is up 3.84% today, despite Deere & Company (NYSE:DE) releasing fiscal Q3 earnings that missed Wall Street predictions.

The heavy machinery manufacturer posted earnings of $2.71 per share, eight cents shy of analyst expectations. Revenue was $8.97 billion, which also fell short of the forecasted $9.39 billion. The company has blamed delays in farmers purchases due to uncertainty over Trump’s trade war with China for the slump in sales.

Deere CEO Samuel Allen said in today’s announcement, “John Deere’s third-quarter results reflected the high degree of uncertainty that continues to overshadow the ...

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