Bausch: 3Q Earnings Snapshot
LAVAL, Quebec (AP) _ Bausch Health Companies Inc. (BHC) on Monday reported a loss of $49 million in its third quarter.
On a per-share basis, the Laval, Quebec-based company said it had a loss of 14 cents. Earnings, adjusted for one-time gains and costs, were $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The drugmaker posted revenue of $2.21 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.15 billion.
Bausch expects full-year revenue in the range of $8.48 billion to $8.63 billion.
Bausch shares have risen 40% since the beginning of the year. The stock has increased 7% in the last 12 months.