Bayer Posts Decline In Q2 Profit, Lifts Forecast
Germany's Bayer AG (OTC: BAYRY) reported a drop in its second-quarter earnings and lifted its forecast for the full year.
Bayer's quarterly net profit dropped to 494 million euros ($606 million), versus EUR747 million, in the year-ago period.
Its earnings before interest and tax declined 41% to EUR750 million, while sales gained 10% to EUR10.2 billion.
Bayer shares closed at $74.52 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.