Bayer Crop Science's strong performance drives profits beyond expectations

Golden Ten Data reported on May 12 that chemical giant Bayer exceeded profit expectations in the first quarter, mainly thanks to the strong performance of its Crop Science division. Bayer announced on Tuesday that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first quarter increased to 4.45 billion euros (approximately 5.2 billion dollars). This figure surpassed the consensus estimate of 3.9 billion euros. The company confirmed its full-year outlook after currency adjustment.