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Bayer earnings slip on weak animal health, forex effects

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Bayer earnings slip on weak animal health, forex effects
FILE PHOTO: The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February 24, 2014. REUTERS/Ina Fassbender/File Photo   -   Copyright  Ina Fassbender(Reuters)
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FRANKFURT (Reuters) – Bayer <BAYGn.DE> reported a 1 percent decline in adjusted core earnings for the quarter, hurt by a weaker animal health business and as a strong euro weighed on the value of overseas sales.

Third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted for one-off items, slipped to 2.2 billion euros ($2.5 billion), the company said on Tuesday, above an average estimate for 2.05 billion in a Reuters poll of analysts.

($1 = 0.8895 euros)

(Reporting by Ludwig Burger; Editing by Maria Sheahan)

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