Trending: Bayer Backs 2022 Outlook as 3Q Sales, Earnings Rise
08 Novembre 2022 - 12:13PM
Dow Jones News
1043 GMT - Bayer AG is among the most mentioned companies across
news items over the past 12 hours, according to Factiva data, after
it posted rising third-quarter earnings and sales and backed its
outlook for 2022. The German company's net profit rose in the third
quarter to 546 million euros ($547.2 million) from EUR85 million
the year prior, on sales which grew to EUR11.28 billion in the
quarter from EUR9.78 billion the year prior. Although sales and
Ebitda before special items--a closely watched metric--beat
analysts' expectations, net profit came in slightly short. Bayer's
Crop Science agricultural division, a key growth driver, posted an
uptick in sales compared with the previous year, when it was
recovering from a slump. Dow Jones & Co. owns Factiva.
(cecilia.butini@wsj.com)
(END) Dow Jones Newswires
November 08, 2022 05:58 ET (10:58 GMT)
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