Bayer Lifts FY16 Core Earnings View As Q3 Results Climb; Stock Dips

German conglomerate Bayer AG, which is in $66 billion deal to acquire U.S. seed firm Monsanto Co., on Wednesday raised its core earnings forecast for fiscal 2016 after reporting higher profit and sales in its third quarter. Further, the company maintained guidance for adjusted EBITDA, a key earnings metric, and sales. The stock is currently trading 3 percent lower in Germany.

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