Bausch: 1Q Earnings Snapshot
Bausch: 1Q Earnings Snapshot
LAVAL, Quebec (AP) _ Bausch Health Companies Inc. (BHC) on Monday reported a loss of $52 million in its first quarter.
On a per-share basis, the Laval, Quebec-based company said it had a loss of 15 cents. Earnings, adjusted for non-recurring costs, were $1.03 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The drugmaker posted revenue of $2.02 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $2.04 billion.
Bausch expects full-year revenue in the range of $8.35 billion to $8.55 billion.
Bausch shares have climbed 27% since the beginning of the year. The stock has increased 30% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHC at https://www.zacks.com/ap/BHC