AGCO Corp. Shares Rise 2% Despite Q3 Earnings Missing Estimates
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AGCO Corp. shares rose by 2% despite missing Q3 earnings estimates. The company reported lower-than-expected Q3 results and adjusted its EPS projection for 2024 from $8.00 to $7.50.
November 11, 2024 | 6:15 pm
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AGCO Corp. shares increased by 2% even though the company reported lower-than-expected Q3 earnings and reduced its 2024 EPS projection from $8.00 to $7.50.
Despite missing Q3 earnings estimates and lowering its EPS projection for 2024, AGCO's stock rose by 2%. This suggests that investors may have anticipated worse results or are optimistic about other aspects of the company's performance or future prospects.
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