Deere Craters After Q1 Report

Deere & Co. DE shares are trading lower by $3.77 at $78.46 in Friday's session. The Street is not impressed with its Q2 beat of $0.08 along with $400M beat for revenues. After a lower open, it had a brief $0.15 to $80.95 before continuing its move lower. So far, the ensuing decline has reached $$77.71 and it has rebounded back into the $78 handle. If the decline continues through the intraday low, there may be additional support at its April 18 low of $76.81.