Deere Beats Earnings Estimates and Raises Guidance. The Stock Falls Anyway. – Barrons

Deere reported fiscal second-quarter earnings that beat Wall Street expectations. Full-year earnings guidance was raised too. The stock fell anyway on Friday.

Deere (ticker: DE) reported earnings per share of $6.81 from sales of $13.4 billion. Wall Street was looking for EPS of $6.69 from about $13.2 billion in sales. A year earlier, Deere earned $5.68 a share from $12 billion in sales.

Deere…

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