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Wednesday, April 7, 2010 as of 11:14 AM ET

AGCO

AGCO

AGCO () is an agricultural equipment manufacturer based in Duluth, Georgia, USA. As a leading global manufacturer of agricultural equipment, AGCO offers a full line of tractors, combines, hay tools, sprayers, forage and tillage equipment, which are distributed through more than 2,700 independent dealers and distributors in more than 140 countries worldwide.

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Deere 2Q Net Rises 17% On Continued Farm Strength

Deere & Co.

's (DE) fiscal second-quarter earnings rose 17%, as the company continued Wednesday to brush aside concerns that the U.S. farm machinery market is weakening.The world's largest seller of tractors and harvesting combines by sales beat analysts' profit expectations for the quarter, even as sales came in lower than the company predicted in February. Deere maintained its earlier forecast of a 15% increase in revenue for the full fiscal year, implying about $33.9 billion, which is slightly below analysts' estimate of $34.1 billion. But the company raised its profit guidance for the year by 25 cents per share to about $8.25, well ahead of analysts' estimates.Higher crop prices have fueled demand for farm machinery in the past year, leading to sales and profit expansion for Deere and rivals CNH Global NV (CNH) and Agco Corp. (AGCO). But tumbling U.S. sales of combines recently, moderating prices for corn and the end of tax incentives in the U.S. for capital equipment purchases have...

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    AGCO CEO Martin Richenhagen argues the debt crisis is hurting the dollar as well as corporate shareholder value.

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    AGCO CEO Martin Richenhagen weighs in on the future of agriculture and the global economy.

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  11. Companies Honing Customer Service Skills

    Tibco CEO Vivek Ranadive on the economic recovery causing companies to shift from cost cutting to focusing on how they can serve their customers.

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    Agco Corporation CEO Martin Richenhagen on the role of emerging markets and biofuels on agriculture.

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