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Stocks B / Bayer AG
|Subject: Bayer Heals Itself||Date: 3/3/2005 3:41 PM|
|Author: TMFTwitty||Number: 28 of 38|
Bayer Heals Itself
By Brian Gorman
March 3, 2005
Bayer (NYSE: BAY) can rightfully claim that it achieved a nice turnaround in 2004. The conglomerate may have even brighter days ahead if a bet in its healthcare segment pans out.
The company disclosed that 2004 revenue grew 4.2% to 29.8 billion euros, while earnings swung to a positive 603 million euros from a loss of 1.4 billion euros. Fourth-quarter results, meanwhile, showed even more zing. The top line rose 8.8% to 7.7 billion euros and net income sprang to 41 million euros from a 2 billion euro loss...
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