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Stocks on the Move: Deere as they lift their full-year earnings forecast on farm equipment demand; Pinduoduo on sales that missed forecasts

Yahoo Finance's On the Move panel discuss today's Stocks on the Move: Deere and Company, Pinduoduo

Video Transcript

JULIE HYMAN: Well, as we take you to break, I just want to bring you a couple of stocks on the move. One of them is Deere. The shares are up about 5%. The earnings per share there fell 8 and 1/2% in last quarter, but that's still ahead of estimates. Revenue fell 11%-- again, ahead of estimates.

And the company made some forecasts. Worldwide agricultural and turf equipment sales are going to fall 10% this fiscal year. But again, that's better than the forecast they gave back in May. Same for construction and forestry equipment.

And we're also looking at Pinduoduo. That is the Chinese e-commerce platform. Those shares are down 12% today. But the stock has more than doubled year-to-date. The company did post a surprise profit, but sales missed estimates. And, I guess, when you've had a stock performance like that, you do not have much margin of error.