09:32 AM EDT, 05/01/2025 (MT Newswires) -- AGCO ( AGCO ) reported Q1 adjusted net income Thursday of $0.41 per share, down from $2.32 a year earlier.

Analysts polled by FactSet expected $0.04.

Net sales for the quarter ended March 31 were $2.05 billion, down from $2.93 billion a year earlier.

Analysts surveyed by FactSet expected $2.05 billion.

The company said it continues to expect full-year 2025 EPS in the range of $4 to $4.50 on net sales of about $9.60 billion. Analysts polled by FactSet expect EPS of $3.51 on revenue of $9.48 billion.

Shares rose over 10% in recent trading activity.