Tuesday, July 31, 2007

Agco quarterly earnings rise

(Reuters) - Net income in the second quarter rose to $63.8 million, or 67 cents a share, from $40.9 million, or 45 cents share, a year earlier. Net sales grew about 18 percent to $1.71 billion from $1.45 billion in the year-ago period.



Analysts on average expected the Duluth, Georgia-based company to report a profit of 53 cents a share, before items, on revenue of $1.6 billion, according to Reuters Estimates.


Read more at Reuters.com Market News

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