Skip to main content

Bausch + Lomb: Q4 Earnings Snapshot

VAUGHAN, Ontario (AP) — VAUGHAN, Ontario (AP) — Bausch + Lomb Corporation (BLCO) on Wednesday reported a loss of $58 million in its fourth quarter.

On a per-share basis, the Vaughan, Ontario-based company said it had a loss of 16 cents. Earnings, adjusted for pretax expenses and amortization costs, came to 32 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The company posted revenue of $1.41 billion in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $1.38 billion.

For the year, the company reported that its loss widened to $360 million, or $1.02 per share. Revenue was reported as $5.1 billion.

Bausch + Lomb expects full-year revenue in the range of $5.38 billion to $5.48 billion.

Bausch + Lomb shares have climbed roughly 4% since the beginning of the year. The stock has increased 8% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLCO at https://www.zacks.com/ap/BLCO

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story