VAUGHAN, Ontario (AP) — VAUGHAN, Ontario (AP) — Bausch + Lomb Corporation (BLCO) on Wednesday reported a loss of $167 million in its first quarter.
The Vaughan, Ontario-based company said it had a loss of 48 cents per share. Earnings, adjusted for amortization costs and pretax expenses, were 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The company posted revenue of $1.1 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $1.06 billion.
Bausch + Lomb expects full-year revenue in the range of $4.6 billion to $4.7 billion.
Bausch + Lomb shares have dropped 15% since the beginning of the year. The stock has declined 17% in the last 12 months.
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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
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