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John Deere set to report second-quarter earnings on Friday

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  • DE

John Deere will share its latest quarterly results on Friday morning, May 20.

Video Transcript

DAVE BRIGGS: My stock to watch is John Deere, always a pretty solid indicator of the broader economy, set to report earnings tomorrow before the bell. Expectations are earnings per share of $6.69 and revenue of $13.16 billion. Deere and Company has beaten estimates on both over the last full year.

However, Bank of America downgraded DE to neutral, saying its earnings had not peaked. But a lot of good news had already been priced into the stock. Here's some rather interesting news to pass along. Deere plans to start shipping its fully autonomous tractor later this year, a game changer. Shares are up 4% year to date and down today just over 1%, or 4 bucks a share.

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