AGCO Corp (AGCO) Earnings and Revenues Miss Estimates in Q4

AGCO Corp. (AGCO) delivered an adjusted EPS of $3.78 in fourth-quarter 2023 compared with the prior-year quarter’s $4.47 per share. The reported figure missed the Zacks Consensus Estimate of $4.03.Including one-time items, AGCO posted an EPS of $4.53 compared with the year-ago quarter’s $4.29.Revenues decreased 2.5% year over year to $3.8 billion in the December-end quarter. The top line missed the Zacks Consensus Estimate of $4.06 billion. Excluding the favorable currency-translation impacts of 1.8%, net s ...