Deere & Company $DE 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?
The results are great and I have this event on my watchlist and will continue to follow it.
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.
What I found is supposedly because they are expecting worse results for this next quarter and the stock is down 4.6% otherwise nothing. :)