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Agco: 2Q Earnings Snapshot

July 30, 2019

DULUTH, Ga. (AP) _ Agco Corp. (AGCO) on Tuesday reported second-quarter earnings of $140.8 million.

The Duluth, Georgia-based company said it had profit of $1.82 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The farm equipment maker posted revenue of $2.42 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $2.55 billion.

Agco expects full-year earnings to be $5.10 per share.

Agco shares have increased 37% since the beginning of the year. The stock has climbed 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGCO at https://www.zacks.com/ap/AGCO

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