AGCO Corp. (AGCO) Tops Q1 EPS by 3c
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AGCO Reports First Quarter Results
April 27, 2016 7:45 AM EDTFirst Quarter Reported EPS of $0.09 and Adjusted EPS of $0.11 on Net Sales of $1.6 Billion
DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $1.6 billion for the first quarter of 2016, a decrease of approximately 8.4% compared to net sales of approximately $1.7 billion for the first quarter of 2015. Reported net income was $0.09 per share for the first quarter of 2016 and adjusted net income, excluding restructuring and other infrequent expenses, was $0.11 per share. These results compare to... More
