Bausch + Lomb Q4 Adj. Net Income Rises

February 21, 2024 — 07:36 am EST

Written by RTTNews.com for RTTNews

(RTTNews) - Bausch + Lomb Corporation (BLCO) reported a fourth quarter net loss attributable to Bausch + Lomb of $54 million, compared to a loss of $1 million for the fourth quarter of 2022. GAAP loss per share was $0.15, compared to breakeven. Adjusted net income attributable to Bausch + Lomb was $83 million, compared to $80 million, a year ago. Adjusted EPS was $0.24, compared to $0.23. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.24, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter revenue was $1.17 billion compared to $996 million, last year. Excluding the unfavorable impact of foreign exchange, revenue increased by approximately 19% on a constant currency basis compared to the fourth quarter of 2022. Analysts on average had estimated $1.5 billion in revenue.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Bausch + Lomb Q4 Adj. Net Income Rises

Tags

Latest Articles