AGCO Corp. (AGCO) Reports Q3 EPS Of 77c, Offers Guidance

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AGCO Reports Third Quarter Results

October 28, 2015 8:01 AM EDT

Third Quarter EPS of $0.77 on Sales of $1.7 Billion

DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $1.7 billion for the third quarter of 2015, a decrease of approximately 19.4% compared to net sales of approximately $2.2 billion for the third quarter of 2014. Reported net income was $0.77 per share for the third quarter of 2015. These results compare to reported net income of $0.69 per share and adjusted net income, excluding restructuring and other infrequent expenses, of $0.71 per share for the third... More