Following Big 2Q, AGCO & CNH Raise Outlook

Not only did CNH and AGCO see significant gains in revenues and net income during the second quarter ended June 30, 2013, but both farm equipment makers also saw healthy increases in margins that bolstered the companies’ forecasts for the remainder of the year and into 2014.

AGCO Revenues Up. AGCO reported that its revenues increased 13% year-over-year to $3.05 billion. North American region sales increased 8% year-over-year to $789 million in the quarter. The…

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