Bausch: Q1 Earnings Snapshot
LAVAL, Quebec (AP) _ Bausch Health Companies Inc. (BHC) on Tuesday reported a loss of $69 million in its first quarter.
The Laval, Quebec-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, came to 72 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The drugmaker posted revenue of $1.92 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.06 billion.
Bausch expects full-year revenue in the range of $8.25 billion to $8.4 billion.
Bausch shares have declined 53% since the beginning of the year. The stock has decreased 54% in the last 12 months.