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Barchart
Barchart
Wajeeh Khan

Should You Buy the Post-Earnings Dip in Deere Stock?

Deere DE Oppenheimer

Deere (DE) reported $4.75 a share of earnings on $10.4 billion in sales, both ahead of expectations, for its fiscal third quarter on Wednesday. Shares of the industrial giant are still down over 6% at writing. 

Investors are bailing on DE shares primarily because management trimmed its full-year outlook, citing lower pricing in the agricultural and construction equipment business. 

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