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AGCO Corp. profit plunges 70% in the first quarter

2015-04-28 16:41:30| Industrial Machines - Topix.net

AGCO Corp. saw its profit fall about 70 percent in the first quarter of 2015, hurt by restructuring costs and softer agricultural equipment demand. The Duluth, Ga.-based agricultural equipment maker reported revenue fell 27 percent to $1.7 billion, while profit plunged 70 percent to $29.9 million, or 34 cents a share.

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