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AGCO reports record first quarter earnings

DULUTH - AGCO Corporation, a manufacturer and distributor of agricultural equipment, reported record sales of $1.8 billion and record net income of $0.63 per share for the first quarter of 2008.

Reported and adjusted net income for the first quarter of 2007 was $0.26 per share. Net sales for the first quarter of 2008 increased approximately 21 percent compared to the same period in 2007.