Investing.com - Bayer (DE:BAYGN) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bayer announced earnings per share of €0.81 on revenue of €8.51B. Analysts polled by Investing.com anticipated EPS of €1.01 on revenue of €9.19B.
Bayer shares are down 43% from the beginning of the year and are trading at €41.24 , down-from-52-week-high.They are under-performing the DAX which is down 9.46% from the start of the year.
Bayer shares lost 1.13% in intra-day trade the report.
Bayer follows other major Healthcare sector earnings this month
Bayer's report follows an earnings missed by Siemens Healthineers on Tuesday, who reported EPS of €0.42 on revenue of €3.88B, compared to forecasts EPS of €0.44 on revenue of €3.9B.
Fresenius ST had beat expectations on Thursday with third quarter EPS of €1.21 on revenue of €4.41B, compared to forecast for EPS of €1.14 on revenue of €4.52B.
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