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	<title>Stock Blog Hub &#187; AGCO Corp.</title>
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		<title>(AGCO) AGCO Corporation Lowers Guidance</title>
		<link>http://www.stockbloghub.com/2009/09/17/agco-agco-corporation-lowers-guidance/15432</link>
		<comments>http://www.stockbloghub.com/2009/09/17/agco-agco-corporation-lowers-guidance/15432#comments</comments>
		<pubDate>Thu, 17 Sep 2009 19:01:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[AGCO]]></category>
		<category><![CDATA[AGCO Corp.]]></category>

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		<description><![CDATA[AGCO Corp. (AGCO) recently updated its outlook for 2009. The company now expects net sales to decline by 23% to 25% on a year-over-year basis. During its second quarter conference call, AGCO had provided a guidance of $6.5–$6.8 billion, which represented a drop of 20% to 23% from prior-year revenue of $8.4 billion. The company reduced its sales guidance due to lower-than-expected demand during the third quarter in its European operations, primarily in Germany, France and the United Kingdom. AGCO is now aggressively cutting production in order to reduce its own and dealer’s inventories. The company now sees full-year earnings of $1.30 to $1.50 per share. AGCO expects lower sales and operating income in its Europe/Africa/Middle East region due to softening market conditions, reduced order in-take, continuing efforts to reduce ]]></description>
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		<title>(AG) Trouble for Farm Equipment Makers</title>
		<link>http://www.stockbloghub.com/2009/09/01/ag-trouble-for-farm-equipment-makers/14103</link>
		<comments>http://www.stockbloghub.com/2009/09/01/ag-trouble-for-farm-equipment-makers/14103#comments</comments>
		<pubDate>Tue, 01 Sep 2009 21:19:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[AG]]></category>
		<category><![CDATA[AGCO Corp.]]></category>
		<category><![CDATA[Lindsay Corporation]]></category>
		<category><![CDATA[LNN]]></category>

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		<description><![CDATA[Last week, the U.S. Department of Agriculture updated its 2009 outlook for net farm income. The department forecasts a 38% decline in net farm income to $54 billion in 2009 from an estimated $87.2 billion last year. This is lower than the last 10 year average farm income of $63.2 billion. Companies like AGCO Corp. (AG) and Lindsay Corp. (LNN) depend primarily on farm income for their sales. AGCO, which manufactures and distributes agricultural equipment and related replacement parts acknowledges that the 2009 outlook for the farm equipment machinery is extremely uncertain. The company expects full-year revenues of $6.5 to $6.8 billion, compared to $8.4 billion in 2008. Lindsay designs and manufactures self-propelled center pivot and lateral move irrigation systems principally for the agricultural industry to increase or stabilize crop ]]></description>
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