Deere Near New High; Execution Problems Could Be Over
When a company runs into a problem, only one question matters. Is it temporary? Farm equipment maker Deere (DE) missed earnings estimates for the fiscal Q3 ended in July, falling short of the Street's earnings number by 14% and revenue by 0.2%. At the earnings call on Aug. 15, Chief Financial Officer James Field explained why. Half of the shortfall was due to soft market conditions in China, India and Europe; import licensing delays in Argentina;
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