Thursday, April 26, 2007

WRAPUP 1-BASF, Bayer profits beat expectations

(Reuters) - MANNHEIM, Germany, April 26 - Germany's BASF and Bayer reported forecast-beating profits on Thursday thanks to strong demand for chemicals and drugs amid a robust global economy, sending their shares up sharply.

Both companies reaffirmed their profits outlook for this year as investors bet on a prolonged strong performance after spending billions of euros on acquisitions last year to expand.


Read more at Reuters.com Market News

No comments: