** Bayer's BAYGn.DE is up 1.4% in early Frankfurt trade after the German pharmaceutical firm reported better-than-expected operating profit in the first quarter thanks to higher revenues from soy seeds at its agricultural business
** Adjusted EBITDA came in at 4.45 billion euros ($5.23 billion), beating average analyst expectations of 3.93 billion euros, according to a company-provided poll
** The stock is among the top performers on Germany's blue-chip index .GDAXI in early Frankfurt trade
($1 = 0.8502 euros)
(Reporting by Tristan Veyet)
((Tristan.veyet@thomsonreuters.com))