AGCO Corp (AGCO) Misses Q2 Earnings Estimates, Lowers '24 View

AGCO Corporation (AGCO) delivered an adjusted earnings per share of $2.53 in second-quarter 2024 compared with the prior-year quarter’s $4.29. The reported figure missed the Zacks Consensus Estimate of $2.88.Including one-time items, AGCO posted a loss of $4.92 per share against the year-ago quarter’s earnings per share of $4.26.Revenues decreased 15.1% year over year to $3.25 billion in the June-end quarter. The top line missed the Zacks Consensus Estimate of $3.49 billion. Excluding the unfavorable curren ...