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Trending: Bayer Lifts Guidance After 2Q Sales Beat

1415 GMT - Bayer is among the most-mentioned companies across news items over the past 12 hours, according to Factiva data, after it lifted its guidance for the full year and delivered a sales beat in the second quarter, despite posting a net loss. The German pharmaceutical-and-agricultural company said that sales rose to EUR12.82 billion for the quarter from EUR10.85 billion the year prior, beating consensus expectations which saw them at EUR12.29 billion. The company's quarterly net loss narrowed to EUR298 million from EUR2.34 billion the year prior, but said that earnings before interest and taxes were affected by net special charges of EUR2.11 billion including impairment losses related to its agricultural division. Bayer trades 2.6% lower at EUR57.28. Dow Jones & Co. owns Factiva. (


(END) Dow Jones Newswires

August 04, 2022 10:30 ET (14:30 GMT)

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