Bayer set for 2% gains as quarterly results exceed expectations
German life sciences major Bayer (BAYN: DE) was trading 2% higher late on Tuesday after presenting its financial results for the third quarter of 2021.
Group sales for the quarter jumped by 15% to 9.78 billion euros ($11.3 billion), well ahead of the 9.21 billion euros that was predicted by analysts polled by Investing.com.
Bayer announced core earnings per share of 1.05 euros, a rise of 30% on a year ago and again ahead of the estimate of analysts, who had predicted 0.88 euros.
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