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Bayer’s farming business drives Q1 earnings beat -Breaking

by Mike Robinson

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© Reuters. Bayer AG logo seen in showroom in Leverkusen. The annual results news conference will take place in Leverkusen on February 27, 2020. REUTERS/Wolfgang Rattay/Files

By Ludwig Burger

FRANKFURT, (Reuters) – Bayer (OTC) reported that its quarterly core adjusted earnings increased by 27.5% due to strong results in the seeds and pesticides divisions.

The company posted an average analyst estimate at 4.65 trillion euros, which was well below the 5.25 Billion euros (or $5.55 billion) first quarter earnings.

Group confirmed that it will continue to provide guidance on full-year results.

($1 = 0.9455 euros)

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