Deere & Co. (DE) reported second quarter net income of $2.76 per share Wednesday morning, up from $2.61 per share last year. The consensus estimate was for EPS of $2.72. For fiscal 2013, Deere trimmed its equipment sales growth guidance to about 5 percent from the prior forecast of 6 percent.
Deere & Co. gapped open sharply lower Wednesday and is now down 4.70 at $89.07. The stock has fallen to nearly a 2-week low.
For comments and feedback: editorial@rttnews.com