Deere Plowed After Q4 Report

Deere & Co. DE shares are trading lower by $3.40 at $76.93 in Friday's session. Despite a Q4 beat for EPS of $0.10 with over $500M more in revenues, the Street is focusing on lower guidance for equipment sales for the remainder of 2016. After a lower open, it bottomed at $76.50 and staged a rebound . The rally came up well shy of the lower end of Thursday's range ($79.18), only reaching $78.36 before drifitng back towards the lows for day.