AGCO Corp (AGCO) Tops Q1 Earnings Estimates, Lowers '24 View

AGCO Corp. (AGCO) delivered an adjusted EPS of $2.32 in first-quarter 2024 compared with the prior-year quarter’s$3.51. The reported figure topped the Zacks Consensus Estimate of $2.29.Including one-time items, AGCO posted an EPS of$2.25 compared with the year-ago quarter’s $3.10.Revenues decreased 12.1$2.93 billion in the March-end quarter. The top line missed the Zacks Consensus Estimate of $2.99 billion. Excluding the favorable currency-translation impacts of 1%, net sales fell 13.1 ...