AGCO Corp. (NYSE: AGCO) reported Q1 EPS of $0.86, $0.44 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.86 billion.

Outlook:

Given the uncertainty caused by the COVID-19 pandemic, AGCO withdrew all guidance for its 2020 results on March 23, 2020. A considerable amount of uncertainty remains for the balance of 2020 relating to industry demand, production constraints and other impacts of the pandemic. AGCO’s focus is on employee safety, serving customers and operating as effectively as possible under these challenging conditions.

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