AGCO (NYSE: AGCO) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), AGCO beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.

Gross margins increased, operating margins grew, net margins dropped.

Revenue details
 AGCO reported revenue of $3.05 billion. The 13 analysts polled by S&P Capital IQ looked for sales of $2.83 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $2.69 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $2.15. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.81 per share. GAAP EPS of $2.15 for Q2 were 3.4% higher than the prior-year quarter's $2.08 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 23.3%, 60 basis points better than the prior-year quarter. Operating margin was 10.7%, 90 basis points better than the prior-year quarter. Net margin was 7.0%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $2.45 billion. On the bottom line, the average EPS estimate is $1.19.

Next year's average estimate for revenue is $10.53 billion. The average EPS estimate is $5.64.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 312 members out of 333 rating the stock outperform, and 21 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give AGCO a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AGCO is outperform, with an average price target of $59.73.

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