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DewDiligence

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DewDiligence

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Re: DewDiligence post# 18739

Friday, 08/16/2019 2:51:56 PM

Friday, August 16, 2019 2:51:56 PM

Post# of 29297
DE +4% despite lowering 2019 profit guidance for the second time in three months. You can call today a “relief rally” insofar as DE’s shares have been hit pretty hard lately on trade/ag-industry tensions. (Ag-equipment comprises ~70% of DE’s product sales, and construction/forestry equipment comprises ~30%.)

DE’s FY2019 non-GAAP EPS guidance is now ~$10.00, down from $10.24 three months ago and $11.17 six months ago (#msg-148884335).

The commentary in #msg-148885017 still holds.

--
FY3Q19 items…

PR:
https://www.deere.com/assets/pdfs/common/our-company/news/deere-3q19-news-release.pdf

CC slides:
https://s22.q4cdn.com/253594569/files/images/DE-3Q19-Earnings-Call-Slides-Cover-Page-1.png

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

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