AGCO Corp

AGCO: XNYS (USA)
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Agco Earnings: Europe Continues to Deliver, and North American Optimism Grows

Agco reported third-quarter results and continues to be supported by its outsize exposure to Europe, where sales grew 20% on a constant-currency basis and operating margin expanded to 15.6%. Large declines (30%) in North America continued, but management expressed conviction around the trough.

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