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Bayer Posts Decline In Q2 Profit, Lifts Forecast

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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.

Posted-In: profitEarnings News Guidance

 

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