Bayer Earnings Top Estimates on Crop Science, Soybean Gains

Bayer AG posted better-than-expected profit in the first quarter, underpinned by a robust performance in its crop science unit, including a boost from soybean seeds and traits.

Adjusted first-quarter earnings rose to €4.45 billion ($5.2 billion) before interest, taxes, depreciation and amortization, Bayer said Tuesday. That exceeded the €3.9 billion consensus forecast in a Bloomberg survey of analysts.