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DewDiligence

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DewDiligence

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Re: Rocky3 post# 8853

Tuesday, 10/07/2014 9:26:05 AM

Tuesday, October 07, 2014 9:26:05 AM

Post# of 29342
AGCO lowers EPS guidance (again):

http://online.wsj.com/articles/agco-pares-guidance-again-and-plans-cutbacks-1412686946

Agco Corp. again cut its guidance as the farm-machinery maker planned to scale back production and costs amid weak sales across all of its regions. The company now expects its per-share earnings for the year to be $4.10 to $4.30, down from its previous outlook of $5 a share. It had previously cut its outlook in July.

“During the third quarter, we experienced weaker than anticipated levels of demand and are responding by making more aggressive cuts in production schedules and expenses,” Chief Executive Martin Richenhagen said in a news release.

Today could be a tough day for DE.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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