AGCO Net Sales Decline in 2Q, Lowers Its Outlook for 2014

AGCO reported on July 29 that its net sales declined 9.8% compared to the second quarter of 2013. The ag equipment maker’s second quarter net sales were $2.8 billion, compared to $3 billion in the second quarter of 2013. Net sales for the first 6 months of 2014 were $5.1 billion, a 6.7% decrease compared to the same period in 2013.

The company lowered its forecast for net sales for the full-year 2014 to $10.1-10.3…

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