- Deere (NYSE:DE) -0.5% premarket after initially falling more than 3% following its Q2 earnings miss and outlook, which some analysts call "tepid" or "in-line."
- "DE’s 2018 outlook appears to be in-line with investor expectations with equipment sales to be up ~14% even as key farmer fundamentals in the U.S. remain relatively soft," according to Jefferies.
- Shares may be down today on disappointing agriculture and turf margins and "tepid" guidance which was slightly below market consensus, J.P. Morgan says.
- Q2 results are a negative surprise, William Blair says, as agriculture and turf beat consensus on the top line but missed on margins, while construction missed in terms of revenues but margins were roughly in line with the Street.
- Significant improvements in warranty costs are being offset by higher input costs, Goldman Sachs (NYSE:GS) says.
- On watch: AGCO, CNHI, LNN, TWI, TTC
- Source: Bloomberg First Word
- Now read: Cooper-Standard (CPS) Investor Presentation - Slideshow
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