Bausch & Lomb Corp.
BLCO,
said Wednesday that it had a loss of $18 million, or 5 cents per share, in the first quarter of 2022, after a gain of $60 million, or 17 cents per share, in the same quarter a year ago. Adjusted earnings per share were 31 cents, against a FactSet consensus of 23 cents. Bausch’s revenue was $937 million in the third quarter of the year, down from $941 million in the same three months of last year. The FactSet consensus was $950 million. The company updated its guidance for the year, saying it now expects revenue of $3.70 billion to $3.75 billion, down from $3.75 billion to $3.80 billion. Bausch’s stock is up 0.8% over the last three months, while the S&P 500
SPX,
is down 6.3%.
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