AGCO Swings To Q4 Loss; Sales Down
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AGCO Corporation reported a Q4 net loss of $255.7 million, or $3.42 per share, down from a profit of $339 million, or $4.53 per share, a year earlier. Sales fell to $2.887 billion from $3.801 billion, missing estimates of $3.17 billion. Excluding one-time items, earnings were $146.8 million, beating expectations. For the full year, AGCO anticipates net sales of about $9.6 billion and EPS between $4.00 and $4.50.
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