Should Investors Buy the Dip in Deere & Company's (DE) Stock After Earnings?
John Deere(DE) zacks.com·2024-05-17 08:06
Despite exceeding top and bottom line expectations for its fiscal second quarter this morning, Deere & Company’s (DE) stock dropped -5% in Thursday's trading session after lowering its fiscal 2024 net income guidance.Still, as a pioneer and the dominant market leader in manufactured agricultural equipment, investors may be wondering if it's time to buy the dip in Deere’s stock given its strong historical performance.Q2 Financial Review Deere’s Q2 net income came in at $2.37 billion or $8.53 per share which ...