Bayer Posts Decline In Q2 Profit, Lifts Forecast

Germany's Bayer AG

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.