💨 Abstract

Agco Corp. reported a second-quarter net income of $314.8 million, reversing a loss from the previous year. The farm equipment maker's earnings of $1.35 per share, adjusted for non-recurring gains, exceeded Wall Street expectations. Revenue was $2.64 billion, also surpassing forecasts. Agco anticipates full-year earnings of $4.75 to $5 per share, with revenue expected to be $9.8 billion.

Courtesy: WTOP Staff