Agco had a second-quarter profit of $62.9 million, or 66 cents a share, an increase of more than 9% from the prior year. The company beat its own estimates of 40 cents to 45 cents. The company boosted year-end earnings from $1.65 to $1.75 per share to $1.85 to $2 per share as a result of strong sales in South America.

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