Deere beats expectations in Q1 but disappoints on outlook

Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported solid results for its fiscal first quarter.Deere stock down on muted future guidanceCopy link to sectionInvestors are not content primarily because the management issued muted guidance for the future. Deere now forecasts its net income to come in between $7.50 billion and$7.75 billion. Analysts, in comparison, were at $8.03 billion. Still, John C. May – the chief executive of Deere & Co said in a press release today:We r ...