The Rising Influence of Rising Affluence

[DewDiligence]

(Bullish for DE)—AGCO logs strong 4Q13 results:

http://finance.yahoo.com/news/agco-profit-jumps-demand-europe-132610599.html

Farm machinery maker Agco Corp reported a 36 percent increase in quarterly profit as strong sales in Europe offset weakness in South America. The maker of tractors, harvesters and other agricultural equipment said net income attributable to the company and its units rose to $139.3 million, or $1.40 per share, in the fourth quarter, from $102.5 million, or $1.04 per share, a year earlier. Net sales rose 6 percent to $2.86 billion.

DE, which is on a non-calendar fiscal year, will report financial results for the quarter ending 1/31/14 on 2/12/14.