AGCO Corp. (AGCO) Tops Q2 EPS by 28c; Guides FY12; Approves $50M Buyback

July 26, 2012 8:17 AM EDT
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AGCO Corp. (NYSE: AGCO) reported Q2 EPS of $2.08, $0.28 better than the analyst estimate of $1.80. Revenue for the quarter came in at $2.69 billion versus the consensus estimate of $2.82 billion.

AGCO announced today that its Board of Directors has approved a share repurchase program under which the Company can repurchase up to $50 million of its common stock. The primary purpose of the new program is to limit dilution resulting from equity incentive plan.

AGCO Corp. sees FY2012 EPS of $5.50-$5.75, versus the consensus of $5.49. AGCO Corp. sees FY2012 revenue of $10.1-$10.3 billion, versus the consensus of $10.22 billion.

For earnings history and earnings-related data on AGCO Corp. (AGCO) click here.

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