Farm equipment maker Deere & Co. (DE) is taking a beating from the markets after a lousy earnings report on Wednesday.
The company cited an international slowdown in business as one reason it fell short of its third-quarter earnings forecast and had to slash its outlook for the rest of the year.
Investors were not happy and sent the stock more than 7% lower by midday.
Deere's numbers, particularly the company's expenses, drew questions, skepticism and sarcasm from the traders on StockTwits:
The drought was one odd bright spot. Deere said it could actually drive demand for its tractors and other products.
Investors might not be panicked but the stock is down more than 4% this year.
Not a member yet?Sign up now for a free account
|Greek crisis is nothing compared to China|
|Oil prices dive below $53 as Iran deal looms|
|Foreign investors can't ignore China's crazy stock market|
|Now it's Europe's time to decide: Save Greece or not?|
|Reddit CEO Ellen Pao apologizes: We screwed up|