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AGCO Q3 profit falls 48% to $65 million

2014-10-28 15:54:53| Industrial Machines - Topix.net

The Duluth, Ga.-based agricultural equipment maker reported a 48% drop in third-quarter profit due to the weak global market and production cuts. "Our third quarter results were impacted by weaker markets and significant production cuts aimed at controlling our company and dealer inventories," said Martin Richenhagen , AGCO chairman, president and CEO, in a statement.

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