Scott Olson Deere & Co (NYSE:DE), the world's largest manufacturer of heavy agricultural machinery such as tractors and combine harvesters, recently reported its Q2 earnings. On the back of a cyclical downturn in agricultural end markets from 2022 highs, reported sales were down 12% YoY with net income and EPS dropping 17% and 12% respectively. Now forecasting a stronger than initially expected downcycle, management also cut its full year earnings guidance for a second time by 8%. As a result of both mis ...