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Stock Market & Financial Investment News

News Breaks
February 5, 2013
14:30 EDTAGCOAGCO sees Q1 sales flat compared to prior year, consensus $2.28B
Sees Q1 sales approximately flat compared to prior year. Also said in 2013 it expects more normal seasonality for production and sales and sees Q2 sales, like Q1, to be approximately flat with the same period in 2012. Guidance from Q4 earnings conference call.
News For AGCO From The Last 14 Days
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February 9, 2016
17:49 EDTAGCOAGCO CEO: Not buying stake in 365FarmNet, exploring cooperation, Reuters says
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February 4, 2016
10:20 EDTAGCOHigh option volume stocks: EPC DK DNKN TTWO AVT VHC RL ZBH BSX AGCO
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February 2, 2016
12:03 EDTAGCOOn The Fly: Top stock stories at midday
Wall Street began the session in negative territory and the averages have remained there throughout the day as oil once again weighs on stocks. The price of oil has slid another 4%, giving the commodity a roughly 10% loss over the past two trading sessions. The market's late day rally yesterday gave hope for a decoupling between equities and oil prices, but that appears to be a one day reprieve as the stocks are back in lock-step with crude prices. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet. In Europe, statistics agency Eurostat reported that unemployment across the eurozone decreased by 49,000 to a total of 16.75M in December dropping the unemployment rate to its lowest since September 2011 at 10.4%. In central bank news, the Reserve Bank of Australia and Reserve Bank of India both held their benchmark interest rates steady, as expected. COMPANY NEWS: Class A shares of Alphabet (GOOGL) advanced 5% in the wake of its report of better than expected quarterly earnings and revenue, pushing Google's parent company to overtake Apple (AAPL) as the world's most valuable publicly-traded company in the process... Exxon Mobil (XOM) reported better than expected revenue and profits in the fourth quarter, but its shares slid 2.5% amid the renewed weakness in oil prices. Shares of fellow oil major BP (BP) plunged 8% in New York trading after reporting a steep quarterly loss, largely due to $2.6B in charges related to impairments of Upstream assets as well as restructuring... Pfizer (PFE) reported better than expected fourth quarter results, but forecast 2016 revenue and earnings below analysts' estimates, pushing its shares down fractionally. MAJOR MOVERS: Among the notable gainers was Syngenta (SYT), which rallied 4.5% after Bloomberg reported that ChemChina was close to a deal to buy the company for nearly $43B. Also higher were Mattel (MAT), Michael Kors (KORS), and Fabrinet (FN), which gained 12%, 22%, and 12.5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Twitter (TWTR), which fell 8% after it was downgraded to Sell at Stifel and following a report claimed that tweets on the service are down 50% from their peak. Also lower were AGCO (AGCO), Harris (HRS), and Pitney Bowes (PBI), which were down 10%, 9.5%, and 11%, respectively, after reporting quarterly earnings. In addition, Ford (F) and General Motors (GM) lost 4% and 3.6%, respectively, after reporting U.S. sales for the month of January. INDEXES: Near midday, the Dow was down 239.86, or 1.46%, to 16,209.32, the Nasdaq was down 64.83, or 1.4%, to 4,555.54, and the S&P 500 was down 27.87, or 1.44%, to 1,911.51.
10:17 EDTAGCOAGCO sees FY16 production down 3%-6%
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09:52 EDTAGCOAGCO sees FY16 CapEx $250M
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08:03 EDTAGCOAGCO backs FY16 adjusted EPS view roughly $2.30, consensus $2.39
Backs FY16 sales view about $7B, consensus $6.95B. Softer industry demand for farm equipment across all regions and the unfavorable effects of foreign currency translation are expected to negatively impact AGCO's sales and earnings for 2016. Gross and operating margins are projected to be below 2015 levels due to the impact of lower sales and production volumes, a weaker sales mix and increased investment in product development expenses. Benefits from the company's cost reduction initiatives are expected to partially offset the volume-related impacts.
08:02 EDTAGCOAGCO reports Q4 adjusted EPS 80c, consensus 79c
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January 28, 2016
10:01 EDTAGCOAGCO increases dividend to 13c from 12c per share
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