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Deere's Q4 Paints A Mixed Picture, But Stock Plunges Into The Red

2014-11-28 23:13:28| Industrial Machines - Topix.net

When the largest ag equipment maker of the U.S., John Deere , posted its fourth quarter numbers on November 26, all eyes were glued to the report card as analysts' were expecting drastic falls in both top and bottom lines of the equipment major as its presently facing severe headwinds in the agricultural equipment division which has been contributing majorly to the total revenue. However, the report was not as dim as expected and Deere performed better in terms of the Street expectations.

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