Bayer Lowers Full-Year Earnings Guidance

FRANKFURT (Reuters) – Bayer (OTC:BAYRY) announced on Tuesday a reduction in its full-year operating earnings forecast due to weaker agricultural markets in Latin America.

The German company now expects its earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted for special items and currency fluctuations, to be between 10.4 billion euros ($11.1 billion) and 10.7 billion euros. This is a decrease from the earlier forecast of 10.7-11.3 billion euros.

($1 = 0.9401 euros)