AGCO Corp (AGCO) stock plummeted 5.01% in the intraday trading session on Thursday after the farm equipment maker reported disappointing fourth-quarter results and maintained its full-year 2025 outlook.
For the quarter ended December 31, AGCO reported adjusted earnings of $1.97 per share, beating analysts' estimates of $1.90 but down significantly from $3.78 in the year-ago quarter. Net sales fell 24% year-over-year to $2.89 billion, missing the consensus estimate of $3.17 billion.
The company reaffirmed its 2025 guidance, expecting adjusted EPS between $4.00 and $4.50 on net sales of around $9.60 billion. This is below analysts' expectations of EPS of $4.27 on revenue of $9.67 billion. AGCO cited challenging market dynamics and aggressive production cuts as factors impacting its performance.