Agco posts higher profit, raises full-year forecast

July 31 Wed Jul 31, 2013 9:14am EDT

July 31 (Reuters) - Agco Corp reported higher quarterly earnings and raised its full-year forecast on Wednesday, citing strong sales of its tractors and harvesters to farmers in North and South America.

The company reported a second-quarter profit of $213.1 million, or $2.15 a share, up from $202.1 million, or $2.08 a share, a year before.

Agco, which makes tractors, combines and other equipment sold under the Massey Ferguson, Fendt, Valtra and Agco brand names, said sales rose 13.3 percent to $3 billion.

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