AGCO Sales Down 17%; Results Better Than Expected

AGCO posted net sales of slightly over $2 billion during the second quarter of 2020, which was down 17% vs. the same period a year earlier. Net sales for the first 6 months of 2020 were about $4 billion, a drop of nearly 11% compared to the same period in 2019. 

Analysts were anticipating less positive results for AGCO in the second quarter.

On a constant currency basis, regionally, sales were down in three of…

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