AGCO Corp (AGCO) revealed a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $10.5 million, or $0.14 per share. This compares with $168.0 million, or $2.25 per share, last year.
Excluding items, AGCO Corp reported adjusted earnings of $30.9 million or $0.41 per share for the period.
Analysts on average had expected the company to earn $0.04 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 30.0% to $2.050 billion from $2.928 billion last year.
AGCO Corp earnings at a glance (GAAP) :
-Earnings: $10.5 Mln. vs. $168.0 Mln. last year.-EPS: $0.14 vs. $2.25 last year.-Revenue: $2.050 Bln vs. $2.928 Bln last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.