BREAKING NEWS

BREAKING NEWS

Bayer earnings slip on weak animal health, forex effects

Now Reading :

Bayer earnings slip on weak animal health, forex effects

Bayer earnings slip on weak animal health, forex effects
@ Copyright :
Ina Fassbender(Reuters)
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.