AGCO profit jumps 54 percent, but drought causes worry
July 26 (Reuters) - Farm equipment maker AGCO Corp posted a 54 percent jump in quarterly profit on Thursday, though the company said it is worried that the U.S. drought will dent demand for tractors.
For the second quarter, the company posted net income of $204.9 million, or $2.08 per share, compared with $133.7 million, or $1.36 per share, in the year-ago quarter.
Sales rose 14 percent to $2.69 billion.
- Exclusive: Secret contract tied NSA and security industry pioneer |
- U.S. aircraft hit by gunfire in South Sudan as conflict worsens
- With Fed out of the way, what's next on Wall Street?
- Four men arrested in deadly N.J. shopping mall carjacking
- Analysis: Lost Brazil order raises threat to Boeing fighter jets