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Bayer’s third-quarter adjusted profit beats market view

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FRANKFURT (Reuters) -Bayer said on Wednesday that third-quarter adjusted operating income gained 20.8%, citing gains at the Crop Science division and reconciliation effects in accounting.

Quarterly earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted for special items, came in at 1.51 billion euros ($1.76 billion), above the 1.28 billion euros expected on average by analysts according to a poll posted on the company’s website.

(Reporting by Ludwig Burger, Editing by Miranda Murray)

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