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DewDiligence

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DewDiligence

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Re: DewDiligence post# 17033

Wednesday, 11/21/2018 9:35:35 AM

Wednesday, November 21, 2018 9:35:35 AM

Post# of 29420
DE +2% on FY4Q18 results/FY2019 outlook—even as newswires such as Reuters are critical:

https://finance.yahoo.com/news/slowing-demand-farm-equipment-hurts-121237792.html

Deere & Co gave an underwhelming earnings forecast on Wednesday for fiscal 2019 after missing quarterly profit estimates amid a U.S. trade battle with China that has depressed U.S. farm commodity prices and hurt farm equipment demand.

The Moline, Illinois-based tractor maker expects net income of about $3.6 billion in 2019. That would translate into earnings of $11.10 per share, compared with the average analyst estimate of $11.47, according to Refinitiv data.

Reuters will probably edit this newswire if the share price continues in the green today, LOL.

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

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