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Deere Plunges Most Since 2008 on Supply Chain Snarls, Inflation

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Why Deere Stock Fell Today

Shares of Deere & Company (NYSE: DE) fell today after the company reported its second-quarter results. Despite beating Wall Street’s expectations for the company’s bottom line, investors were disappointed that revenue fell below analysts’ consensus estimate. Deere reported diluted earnings of $6.81 per share in the quarter, up from $5.68 in the year-ago quarter, which easily beat analysts’ average estimate of $6.65 per share.

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