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 story : Bausch + Lomb tops profit expectations, provides in-line revenue outlook #FinanceUSA #StockMarketNEWS Bausch + Lomb Corp. reported Wednesday first-quarter profit that topped expectations and provided

@stockMarketNEWS Thu 09 Jun, 2022

Posted in: #FinanceUSA #StockMarketNEWS

Bausch + Lomb tops profit expectations, provides in-line revenue outlook #FinanceUSA #StockMarketNEWS
Bausch + Lomb Corp. reported Wednesday first-quarter profit that topped expectations and provided in-line full-year revenue guidance, as growth in vision care and surgical segment revenue was partially offset by declines in ophthalmic pharmaceuticals revenue. The contact lens and surgical device maker's stock was still inactive in premarket trading. Net income fell to million, or 6 cents a share, from million, or 8 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 24 cents beat the FactSet consensus of 22 cents. Revenue grew 0.9% to 9 million. Vision Care revenue increased 1% to 0 million and Surgical revenue rose 7% to 4 million, while Ophthalmic Pharmaceuticals revenue fell 5% to 5 million. Total expenses rose 4.9%, outpacing sales growth, to 5 million. For 2022, the company expects revenue of .75 billion to .80 billion, surrounding the FactSet consensus of .79 billion.


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