- Deere (DE -2.7%) slips as the earnings call moves ahead (live on Seeking Alpha). The company earlier guided for a 5% Q4 decline in equipment sales, with management blaming a tough comparison to 2012. Full year sales are expected to be higher by 5%.
- The company's lifts slightly its forecast for 2013 U.S. farm receipts (page 6 of presentation slides), but 2014's estimate of $379.7B is 2.6% below the 2013 expectation (itself off 3% from 2012).
- The CPSC announces Deere has recalled 7K Compact Utility Tractors due to spring locking pins breaking and causing the rollover protection system to fail.
Deere earnings call live; shares slipping
Aug 14 2013, 10:19 ET