Why Deere & Co. Shares Traded Down Today
Agriculture equipment maker Deere & Co. (NYSE: DE) fell short of expectations in the most recent quarter and issued a subdued forecast for the quarter ahead.
Investors were disappointed, sending Deere shares down more than 5% at the open on Thursday and down 3% as of 11:45 a.m. ET.
Deere is one of the world's largest manufacturers of agriculture and outdoor equipment. Its machines are second to none, but this is a business tied to a notoriously cyclical industry.
Source Fool.com
