AGCO Reports First Quarter Results
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AGCO Corp. (AGCO) Tops Q1 EPS by 87c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus
April 29, 2021 7:37 AM EDTAGCO Corp. (NYSE: AGCO) reported Q1 EPS of $2.00, $0.87 better than the analyst estimate of $1.13. Revenue for the quarter came in at $2.38 billion versus the consensus estimate of $2.22 billion.
AGCO continued its strong operational performance in the first quarter and set records for first quarter operating income and earnings per share, stated Eric Hansotia, AGCOs Chairman, President and Chief Executive Officer. Favorable market demand and positive market response to our technology-focused products helped produce sales growth and margin expansion across all regions. Outstanding execution from our team allowed us to minimize the impact of ongoing... More
