Xarelto first quarter surprise lifts Bayer stock

27 April 2017

Germany’s Bayer (BAYN: DE) has reported stronger than expected results for the first quarter of 2017, with 13.2 billion euros ($14.4 billion) in sales, a near 12% increase on the same period last year.

Net income was up 38% to 2 billion euros. The earnings per share figure, from continuing and discontinued operations, was 2.39 euros, an increase of 30%.

As investors reacted to the news, the company’s share price rose about 3.5% on the Frankfurt Stock Exchange this morning.

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