Zacks Industry Outlook Highlights: Deere, Caterpillar, CNH Global, AGCO and
CHICAGO, Sept. 28, 2012
CHICAGO, Sept. 28, 2012 /PRNewswire/ --Today, Zacks Equity Research discusses
the U.S. Machinery, including Deere & Company (NYSE:DE), Caterpillar Inc.
(NYSE:CAT), CNH Global NV (NYSE:CNH), AGCO Corporation (NYSE:AGCO) and The
Toro Company (NYSE:TTC).
A synopsis of today's Industry Outlook is presented below. The full article
can be read at
Deere & Company (NYSE:DE) was impressed with its record fiscal third quarter
2012 (ended July 31, 2012) results and fiscal 2012 outlook. Equipment sales
rose 16%; and price realization contributed 5%.
The agricultural and forestry equipment provider is expanding globally to
leverage benefits from the growing global farm industry. Fiscal year 2012
equipment sales are expected to grow 13% year over year, after netting out 3%
unfavorable currency translation impact expected for the year. Net earnings
are anticipated to be approximately $3.1 billion.
Caterpillar Inc. (NYSE:CAT) reported record results in the second quarter
2012. The company's Equipment sales improved 23% year over year. The company
raised its 2012 profit per share expectation from $9.50 to $9.60 on better
Italy-based CNH Global NV (NYSE:CNH) posted 3% or 9% (constant currency basis)
year-over-year increase in its equipment sales -- agricultural and
construction -- in the second quarter of 2012. Worldwide agricultural and
construction equipment retail demand in 2012 is expected to be flat to down
Other top players in the agricultural, construction and mining industry
include: AGCO Corporation (NYSE:AGCO) and The Toro Company (NYSE:TTC), among
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