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Deere Stock Slumps Despite Q2 Earnings Beat, Profit Forecast Boost Driven By Farm Equipment Demand

·2 min read
Deere Stock Slumps Despite Q2 Earnings Beat, Profit Forecast Boost Driven By Farm Equipment Demand
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"Deere's second-quarter performance reflected a continuation of strong demand even as we face supply-chain pressures affecting production levels and delivery schedules," said CEO John May.