While Deere’s year-over-year net sales declined 20% in its fiscal year second quarter and the company also lowered its full year outlook, industry analysts noted the company’s performance during the period was much better than they expected. 

“Deere’s operating performance remains remarkable as A&T (ag and turf) posted 17% decremental margin on an 18% sales decline,” Mircea (Mig Dobre, analyst with RW Baird, said in a note. “Updated guidance implies EPS below consensus but better…