Investing.com - Bayer (DE:BAYGN) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Bayer announced earnings per share of €2.67 on revenue of €10.05B. Analysts polled by Investing.com anticipated EPS of €1.5 on revenue of €10.57B.
Bayer shares are down 21% from the beginning of the year and are trading at €57.04 , down-from-52-week-high.They are under-performing the DAX which is down 4.89% from the start of the year.
Bayer follows other major Healthcare sector earnings this month
Bayer's report follows an earnings beat by Siemens Healthineers on Monday, who reported EPS of €0.3 on revenue of €3.31B, compared to forecasts EPS of €0.27 on revenue of €3.36B.
Fresenius SE had beat expectations on Thursday, July 30, 2020 with second quarter EPS of €0.74 on revenue of €8.92B, compared to forecast for EPS of €0.73 on revenue of €9.04B.
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