Bayer's Q1 adjusted profit beats analyst consensus

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Pro-Palestinian encampment at Dalhousie University - May 13, 2024 | SaltWire #news #halifax #protestFRANKFURT - Bayer on Tuesday reported a 1.3% decline in adjusted earnings in the first quarter, beating analysts' forecasts on better-than-expected performance at its prescription drugs and agriculture divisions.

Quarterly earnings before interest, taxes, depreciation and amortisation , adjusted for one-off items, slipped to 4.41 billion euros , above an average analyst estimate of 4.15 billion euros posted on the company's website."The Pharmaceuticals Division saw gains in growth and profitability, and the Crop Science Division outperformed in a difficult market," Bayer said in a statement.

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