VAUGHAN, Ontario (AP) — VAUGHAN, Ontario (AP) — Bausch + Lomb Corporation (BLCO) on Wednesday reported a second-quarter loss of $32 million, after reporting a profit in the same period a year earlier.
The Vaughan, Ontario-based company said it had a loss of 9 cents per share. Earnings, adjusted for amortization costs and restructuring costs, came to 18 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The company posted revenue of $1.03 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $960.7 million.
Bausch + Lomb expects full-year revenue in the range of $3.95 billion to $4 billion.
Bausch + Lomb shares have risen 25% since the beginning of the year. The stock has increased 34% in the last 12 months.
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