Trending: Bayer Lifts Guidance After 2Q Sales Beat
04 Agosto 2022 - 11:45AM
Dow Jones News
1415 GMT - Bayer is among the most-mentioned companies across
news items over the past 12 hours, according to Factiva data, after
it lifted its guidance for the full year and delivered a sales beat
in the second quarter, despite posting a net loss. The German
pharmaceutical-and-agricultural company said that sales rose to
EUR12.82 billion for the quarter from EUR10.85 billion the year
prior, beating consensus expectations which saw them at EUR12.29
billion. The company's quarterly net loss narrowed to EUR298
million from EUR2.34 billion the year prior, but said that earnings
before interest and taxes were affected by net special charges of
EUR2.11 billion including impairment losses related to its
agricultural division. Bayer trades 2.6% lower at EUR57.28. Dow
Jones & Co. owns Factiva. (cecilia.butini@wsj.com)
(END) Dow Jones Newswires
August 04, 2022 10:30 ET (14:30 GMT)
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