Solid 3Q Numbers for AGCO and CNH, But 4Q Outlook a Different Story

On a year-over-year basis, both AGCO and CNH reported pretty good numbers in their third-quarter earnings announcements earlier this month. But the two ag equipment manufacturers presented highly divergent outlooks for the fourth quarter and all of 2012. 

AGCO, with more of its sales centered on livestock, dairy and poultry producers that were slammed by the drought, scaled back its sales and profit forecasts for the full year, as its third quarter results came in…

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