The $2.1B profit guidance for FY2017 equates to EPS of $6.46 (based on 325M diluted shares).
All told, DE’s FY3Q17 results and FY2017 outlook weren’t bad, but some investors were evidently expecting the kind of blowout quarter logged by CAT (#msg-133283322).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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