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Deere's Profits Double: Nothing runs like a Deere!

Geo-TH,In

Geo-TH,In

Well-known Member
Reporting its financial results for its fiscal second quarter 2022 Friday, Deere said its net sales and revenue came in at $13.4 billion, up 11% year-over-year. Earnings, however, rose 20% year-over-year, to $6.81 per share, exceeding sales growth thanks to a net profit margin that grew by nearly a full percentage point.
Deeres profits article
 
What he meant was profits grew at twice the rate as revenue.

Revenue was only up 11% but this generated a 20% increase in profits.

What got me in the article was demand is high and rising for AG equipment...
Farmers are likely to be flush in extra money from grain prices and able to afford new tractors..
So Deeres revenue and profits look good for the next year...
Yet investors are dumping Deere stock in droves making the Deere stock price drop 11%.
 
George our little town just paid for a new Deere. It was about a six month wait to get it. Nice to have a decent piece of equipment.
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The whole market is tanking, not just Deere.

You simply can't attribute the drop in Deere stock price to anything Deere is doing, considering the rest of the market.

This is FAKE NEWS fabricated by Geo-TH, who read an article, thought it said something completely different from what it actually said, came here, and spread his misinterpretation as gospel...
 
Barney ..... I'm clueless (as usual) with regards to your reply and George's original post, and that would apply to my knowedge of stock markets generally.

I do suspect though that he might/maybe/perhaps made the post for someone to ask the question (which I will now do) ..... 'So tell us George, how many tens of thousands of JD stocks do you have in your portfolio?'

Some things I just can't leave alone, one of my many weaknesses ..... LOL !!!
 
(quoted from post at 16:40:44 05/22/22) Deere stock closed Friday at $313.31. The high for 2022 was $446.76
Click to expand...

Deere share averaged abour 175 the three years before the flu....
Now Deere and others cannot produce enough due to shortages. So they bump prices, rausing their own margin.

During the 80s crisis, things were lire difficult for manufacturers because competition was more fericious, not allowing crazy prices and huge margin.
 
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