AGCO Corp. (AGCO) reported first-quarter net income of $118 million or $1.19 per share compared to $120.2 million or $1.21 per share last year. Net sales were approximately $2.40 billion, an increase of approximately 5.7% from $2.27 billion prior year. Excluding unfavorable currency translation impacts of approximately 2.7%, net sales increased approximately 8.4%.
On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.88 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $2.24 billion for the quarter.
AGCO targets earnings per share in a range from $5.50 to $5.70 for the full year of 2013. Net sales are expected to range from $10.5 billion to $10.7 billion. Analysts expect the company to report fiscal 2013 profit per share of $5.34 on revenue of $10.35 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.