Investing.com - Bayer (OTC:BAYRY) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bayer announced earnings per share of €3.53 on revenue of €14.64B. Analysts polled by Investing.com anticipated EPS of €2.96 on revenue of €13.82B.
Bayer shares are up 24% from the beginning of the year, still down 13.77% from its 52 week high of €67.99 set on April 13. They are outperforming the DAX which is down 14.77% from the start of the year.
Bayer shares lost 0.15% in intra-day trade following the report.
Bayer follows other major Healthcare sector earnings this month
Bayer's report follows an earnings beat by Siemens Healthineers on May 4, who reported EPS of €0.67 on revenue of €5.46B, compared to forecasts EPS of €0.5486 on revenue of €5.02B.
Sartorius AG VZO had beat expectations on April 21 with first quarter EPS of €2.44 on revenue of €1.02B, compared to forecast for EPS of €2.26 on revenue of €955.09M.
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