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DewDiligence

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DewDiligence

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Re: biotech_researcher post# 22283

Friday, 05/22/2020 10:30:59 AM

Friday, May 22, 2020 10:30:59 AM

Post# of 30495

Deere said it expects global equipment sales to fall 30% to 40% this year as the Covid-19 pandemic weighs on demand.

No—that guidance is for the construction segment specifically, which comprises 27% of total sales. DE’s FY2020 guidance for the much larger ag segment is a YoY sales reduction of 10-15%.

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

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