Investing.com - Bayer (DE:BAYGN) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bayer announced earnings per share of €2.59 on revenue of €12.33B. Analysts polled by Investing.com anticipated EPS of €2.47 on revenue of €12B.
Bayer shares are up 16% from the beginning of the year and are trading at €55.88 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 9.9% from the start of the year.
Bayer shares gained 4.88% in intra-day trade the report.
Bayer follows other major Healthcare sector earnings this month
Bayer's report follows an earnings beat by Siemens AG on Friday, who reported EPS of €2.79 on revenue of €14.67B, compared to forecasts EPS of €1.85 on revenue of €14.16B.
Siemens Healthineers had missed expectations on Monday, May 3, 2021 with second quarter EPS of €0.44 on revenue of €3.97B, compared to forecast for EPS of €0.4608 on revenue of €3.89B.
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