Here is the classic example of Market over-reaction.
Stock down 11% from the peak after results, but attractive to buy some today so that we make profit.
Deere & Co. (DE) on Friday reported fiscal third-quarter profit of $641.8 million.
The Moline, Illinois-based company said it had profit of $1.97 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The agricultural equipment manufacturer posted revenue of $7.81 billion in the period. Its adjusted revenue was $6.83 billion, falling short of Street forecasts. Five analysts surveyed by Zacks expected $6.88 billion.