AGCO Reports Second Quarter Results

Go back to AGCO Reports Second Quarter Results

AGCO Corp. (AGCO) Tops Q2 EPS by 10c

August 4, 2016 8:03 AM EDT

AGCO Corp. (NYSE: AGCO) reported Q2 EPS of $1.02, $0.10 better than the analyst estimate of $0.92. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.88 billion.

After a brief weather-related run up in the second quarter, commodity prices have fallen below last years levels, continued Mr. Richenhagen. Crops in the United States have emerged early and are in excellent condition through July. The USDA is estimating grain... More