Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Wednesday after closing mostly lower on Tuesday. The S&P 500 index dropped deeper into a bear market after hitting a fresh 2022 low. The S&P 500 is now down 24.3% from its record level in January, while the Dow is now 21.2% below its record high.
AGCO (NYSE:AGCO) reported its Q2 earnings results on Thursday, July 28, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
AGCO beat estimated earnings by 10.19%, reporting an EPS of $2.38 versus an estimate of $2.16.