Farm and construction equipment maker CNH Global NV said its fourth-quarter profit fell 8 percent from a year ago and said demand for farm equipment could be flat this year.
While the Netherlands-based company's financial results beat expectations, investors were concerned by its profit margins and its outlook for 2012, William Blair analyst Lawrence T. De Maria said in an e-mail.
The company, whose brands include Case and New Holland, expects demand for farm equipment will be flat to up 5 percent in 2012 while demand for construction equipment will rise by between 15 percent and 20 percent.
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