Public Event Detail
Deere earnings fall short as company says farmers are delaying purchases because of the trade war
Public historical observation from the Merrowstone archive. This page shows event-level context only. Accepted assertions, evidence lineage, and relationship intelligence remain part of the premium research layer.
Historical observations only. No forecasts, recommendations, buy/sell ratings, or portfolio advice.
2019-08-16DEDeereAlpha Vantage Newsguidance
Event summary
Deere & Company missed its fiscal third-quarter earnings expectations and subsequently lowered its full-year guidance, attributing the shortfall to farmers delaying equipment purchases due to uncertainty from the U.S.-China trade war. The company reported adjusted earnings of $2.71 per share on $8.97 billion in revenue, falling short of analyst expectations. Despite the agricultural sector's woes, Deere's construction and forestry business remained strong due to positive general economic conditions.
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