(Updates with the latest stock price movement in the headline and first paragraph.)
AGCO (AGCO) shares fell 6.9% in Thursday trading after the company's Q2 adjusted earnings and revenue missed expectations.
The company reported Q2 adjusted earnings Thursday of $1.43 per diluted share, up from $1.35 a year earlier.
Analysts polled by FactSet expected $1.47.
Net sales for the quarter ended June 30 were $2.61 billion, down from $2.64 billion a year earlier.
Analysts expected $2.75 billion.
The company said it expects full-year 2026 adjusted earnings of approximately $5.50 to $5.75 per diluted share. Analysts expect $6.10.
The company said it expects 2026 net sales of $10.1 billion to $10.2 billion. Analysts expect $10.6 billion.
Price: $108.12, Change: $-8.05, Percent Change: -6.93%