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Stock Market & Financial Investment News

News Breaks
April 9, 2014
14:00 EDTDE, AGCOApril WASDE data imply modest row crop cash improvement, says Wells Fargo
Well Fargo estimates that the latest WASDE report from the USDA implies U.S. row crop farmer cash receipts declining 13% in 2013/14 from the prior year, which is a modest improvement from March's implied forecast. The firm notes that the data still suggests an apparent decrease in 2013/2014 farm cash flow and keeps its Underperform ratings on Deere (DE) and AGCO (AGCO).
News For DE;AGCO From The Last 14 Days
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April 28, 2015
10:19 EDTAGCOAGCO sees Q2 sales, EPS significantly lower than the year ago period
Sees FY15 CapEx "about flat" vs. FY14. Sees share repurchases, dividend funded with operating cash flow. Says "optimistic" about long-term growth opportunities for business, industry. Says priorities for 2015 include controlling expenses, dealer/company inventories. In 2015, sees softer industry demand across all regions. Sees 2015 operating margins 5.75%-6%, effective tax rate 35%-36%. Sees European economy weighing on equipment demand in FY15.
10:19 EDTAGCOAGCO sees Q2 EPS approx. $1.00, consensus $1.14
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10:19 EDTAGCOAGCO sees Q2 sales, EPS significantly lower than the year ago period
Comments made on the Q1 earnings conference call.
10:02 EDTAGCOAGCO sees FY15 capex about $300M
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09:54 EDTAGCOAGCO now sees FY15 production down 12-14% vs 2014
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08:08 EDTAGCOAGCO sees FY15 EPS about $3.00, consensus $2.89
Sees FY15 revenue $7.7B-$7.9B, consensus $8.02B.
08:07 EDTAGCOAGCO reports Q1 adjusted EPS 43c, consensus 29c
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April 27, 2015
15:04 EDTAGCONotable companies reporting before tomorrow's open
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