AGCO Corp (AGCO) announced earnings for its third quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $305.7 million, or $4.09 per share. This compares with $30.0 million, or $0.40 per share, last year.
Excluding items, AGCO Corp reported adjusted earnings of $101.4 million or $1.35 per share for the period.
Analysts on average had expected the company to earn $1.22 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.7% to $2.476 billion from $2.599 billion last year.
AGCO Corp earnings at a glance (GAAP) :
-Earnings: $305.7 Mln. vs. $30.0 Mln. last year.-EPS: $4.09 vs. $0.40 last year.-Revenue: $2.476 Bln vs. $2.599 Bln last year.
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