BASF Beats Estimates as Farming Helps Offset Trade-War Pain
BASF SE reported third-quarter
profit that slightly beat estimates after its 8 billion-euro ($8.9 billion) purchase of agrochemical and
seed assets from Bayer AG helped offset an economic slowdown stoked by the U.S.-China trade war.
Adjusted earnings before interest and taxes fell 24% to 1.1 billion euros, the Ludwigshafen,
Germany-based chemical maker said. Analysts had predicted 1.06 billion euros, according to a Bloomberg
survey.