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More on Deere (DE): Net income +10.6% Y/Y. Equipment sales +16%, equipment operating profit...

More on Deere (DE): Net income +10.6% Y/Y. Equipment sales +16%, equipment operating profit +16.3%. Expects FQ4 and full year sales increase of just 13%. "Global economic conditions and dryness in several key markets warrant some caution in coming months." Shares -5.2% premarket. (PR)
Comments (3)
  • Lloyd Blankfein
    , contributor
    Comments (0) | Send Message
     
    "Global economic conditions and dryness in several key markets warrants some caution"....

     

    I think this was to be expected. China growth has been lower, and form what i've heard in local provinces, housing is getting weaker.

     

    Keep in mind that what drove the China recovery since 2009 was a massive construction binge, which led to strong economic gains in local provinces.
    15 Aug 2012, 08:59 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2584) | Send Message
     
    bot some de today at 75.17
    15 Aug 2012, 09:35 AM Reply Like
  • mikeurl
    , contributor
    Comments (422) | Send Message
     
    There is a lot to like about DE below $70. It isn't like the world stopped needing food this morning. If the market overreacts enough to drive it into the 60s could be time to pull the trigger.
    15 Aug 2012, 10:36 AM Reply Like
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