InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,935.16
(
0.23%
)
Post# of 29304
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 829
Posts 119609
Boards Moderated 14
Alias Born 09/05/2002

DewDiligence

Member Level

Re: DewDiligence post# 18028

Friday, 05/17/2019 1:52:33 PM

Friday, May 17, 2019 1:52:33 PM

Post# of 29304
DE -7% on trade-related cut in FY2019 guidance…

FY2Q19 PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/Q2/2Q_2019_News-Release-and-Financials.pdf

FY2Q19 CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/Q2/2Q_2019_Earnings-Call-Presentation.pdf

Full–year FY2019 profit guidance was lowered from $3.60B ($11.17*/sh) to $3.30B ($10.24*/sh).

The softness was—and will be—be mainly in DE’s ag-equipment segment rather than the construction segment.

DE has now had six consecutive quarters where it came in below guidance. However, even after today’s drop, DE remains about 7% above its 12-month low.

*Based on 322M diluted shares.

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

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up