Illinois-based Deere & Company (NYSE: DE) has delivered mixed results for the third quarter of Fiscal 2022 (ended July 31, 2022). The company’s earnings surprise was (7.4%), while revenues surpassed the consensus estimate by 9.6%. In addition to the earnings miss, the company’s lowered projections for Fiscal 2022 seem to have disappointed investors. Shares of the $111.5-billion company declined 5.4% in the pre-market trading session (at the time of writing) on Friday. It is worth noting that Deere specializes in the manufacturing of agriculture and heavy construction equipment. Also, the company provides machinery used in forestry, turf care, and road building. Its popular equipment brand is John Deere.
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Deere (NYSE:DE)
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