AGCO Corp. (AGCO) Tops Q2 EPS by 10c, FY EPS Guidance Tops Views
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AGCO Reports Second Quarter Results; Raises Outlook for 2017
July 27, 2017 8:00 AM EDTDULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.2 billion for the second quarter of 2017, an increase of approximately 8.5% compared to the second quarter of 2016. Reported net income was $1.14 per share for the second quarter of 2017, and adjusted net income, excluding restructuring expenses, was $1.15 per share. These results compare to reported net income of $0.61 per share and adjusted net income, excluding restructuring expenses and a non-cash deferred income tax adjustment, of $1.02 per share for the second quarter of 2016. Excluding... More
