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Deere & Company $DE-0.7% released its results for the second quarter of fiscal year 2023 yesterday. The results came in well with net income up 36% to $2.9 billion. Earnings per share were $9.65, up from $6.81 for the same period last year. Even so, the company ended the work week in the red. Why?

DE
$394.62 -$2.59 -0.65%
Capital Structure
Market Cap
109.8B
Enterpr. Val.
167.9B
Valuation
P/E
11.5
P/S
1.8
Dividends
Yield
1.4%
Payout
14.8%

The results are great and I have this event on my watchlist and will continue to follow it.

Great :)

I guess the view was worse, but still. The numbers are absolutely great. Maybe investors needed to relax because the stock has been near its TOP price for a long time. Here I would expect things to get back to normal in no time.

I guess so :)

What I found is supposedly because they are expecting worse results for this next quarter and the stock is down 4.6% otherwise nothing. :)

Super thanks :)