Tuesday morning, AGCO announced adjusted third-quarter earnings per share of $3.97 on sales of $3.5 billion. Wall Street had expected earnings per share of $3.31 on sales of $3.5 billion, according to FactSet.
The company boosted 2023 earnings-per-share guidance by about 50 cents to roughly $15.75, above the $15.30 Wall Street is modeling about $15.30. Baird analyst Mig Dobre called the quarter a “clean beat” in a Tuesday report. Crop prices are falling. That pressures farmer incomes and farm income partly determines how many things they buy, and the prices they can pay.
“Increased crop production in the Northern Hemisphere and strong yields in Brazil are driving higher grain inventories and weighing on commodity prices,” added Hansotia in the release. “While still at supportive levels, the lower commodity prices and a fleet age that is now trending younger are causing farmers to become more selective about their equipment and technology investments.”
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. stocks are rising as investors await Fed meeting, jobs report, Apple earningsU.S. stocks are rising as investors await Fed meeting, jobs report, Apple earnings
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »
Revvity’s stock tumbles to lead the S&P 500 losers after earnings miss, lowered outlookTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
SoFi's stock pops after earnings as loan volumes surgeStudent-lending originations doubled in the third quarter
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Pinterest's stock surges on jump in revenue, earningsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Arista Stock Jumps as Earnings Top EstimatesInvestors had worried about the outlook after Meta Platforms issued a more conservative capital-spending forecast than expected.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Pinterest's stock surges 12% on jump in revenue, earningsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »