By Pierre BertrandBASF swung to a third-quarter net loss after sales were hampered by lower prices and volumes. The German chemical company said Tuesday that it posted a 249 million euro net loss ($264.4 million) compared with EUR909 million in profit in the prior year, on revenue that fell 28% to EUR15.73 billion. BASF said its earnings decline reflected the overall negative earnings of Wintershall Dea, which reported a EUR535 million net loss for the third quarter. Rising raw-materials prices in particular could weigh on demand and margins." Write to Pierre Bertrand at pierre.bertrand@wsj.com(END) Dow Jones NewswiresOctober 31, 2023 02:22 ET (06:22 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal October 31, 2023 12:34 UTC