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 €1.26 on revenue of €11.12B. Analysts polled by Investing.com anticipated EPS of €1.01 on revenue of €10.45B.
Bayer shares are up 10% from the beginning of the year, still down 10.08% from its 52 week high of €57.73 set on May 14, 2021. They are outperforming the S&P Global 100 which is down 5.57% from the start of the year.
Bayer shares gained 0.78% 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 February 3, who reported EPS of €0.55 on revenue of €5.07B, compared to forecasts EPS of €0.505 on revenue of €4.9B.
Fresenius SE had beat expectations on February 23 with fourth quarter EPS of €0.94 on revenue of €9.97B, compared to forecast for EPS of €0.9025 on revenue of €9.89B.
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