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DewDiligence

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DewDiligence

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Re: DewDiligence post# 14315

Friday, 05/19/2017 9:46:43 AM

Friday, May 19, 2017 9:46:43 AM

Post# of 29233
DE +8% on sharply raised FY2017* guidance for sales and EPS:

https://finance.yahoo.com/news/deere-announces-second-quarter-earnings-104500062.html

Net sales and revenues are projected to increase about 9 percent for fiscal 2017 with net income attributable to Deere & Company of about $2.0 billion.

The new net income guidance of $2.0B—raised from guidance of $1.5B three months ago—equates to GAAP EPS of $6.15 (on 325M diluted shares).

The new guidance of 9% YoY sales growth compares to guidance of only 4% YoY growth three months ago.

The stock is currently trading at an all-time high.

*DE's fiscal year ends on Oct 31.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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