Farm-equipment maker Agco ( AG) was among the biggest losers on the NYSE Monday, with shares sliding 13% after the company's second-quarter results came in well below Wall Street's expectations. Agco's second-quarter profit dropped to $40.9 million, or 45 cents a share, from $46.1 million, or 47 cents a share, a year earlier. Adjusted earnings per share, which exclude restructuring charges, fell to 45 cents from 61 cents. Analysts polled by Thomson First Call expected earnings of 56 cents a share. Sales declined to $1.45 billion from $1.57 billion, missing Wall Street's target of $1.49 billion. "Second-quarter sales and operating margins were pressured by our actions to strengthen our balance sheet, particularly in North America, where our efforts to reduce dealer inventories resulted in lower sales," Agco said. "In addition, our results were impacted by weaker market conditions in the South America and Asia/Pacific regions." Agco said that industry demand for farm equipment in 2006 is expected to decline from 2005 levels. The company predicts its sales for the full year will "slightly below" a year earlier, though Agco expects earnings per share to rise 10% amid improved gross margins. Shares recently were trading down $3.46 to $22.24. Shares of Playtex Products ( PYX) jumped 8% after the consumer-products maker posted better-than-anticipated second-quarter results and backed its full-year sales guidance. The company's second-quarter profit rose to $10.3 million, or 16 cents a share, from $6.2 million, or 10 cents a share, a year earlier. Excluding charges, earnings rose to $11 million, or 17 cents a share, from $8.9 million, or 14 cents a share, last year. Analysts, on average, predicted earnings of 15 cents a share. Playtex posted revenue of $180.3 million, up from $164 million a year earlier and topping analysts' forecast of $170.8 million. For the full year, Playtex expects sales to be up in the mid-single-digit percentage from last year, excluding sales of brands sold in 2005. On a reported basis, the company expects sales to be down in the low-single digits from 2005 due to the $48.6 million of divested brands. In 2005, total sales were $643.8 million. Playtex expects 2006 operating income to be between $103 million and $108 million, compared with $107 million in 2005. Shares were trading up 83 cents to $10.98.