VAUGHAN, Ontario (AP) — VAUGHAN, Ontario (AP) — Bausch + Lomb Corporation (BLCO) on Wednesday reported a loss of $212 million in its first quarter.
On a per-share basis, the Vaughan, Ontario-based company said it had a loss of 60 cents. Losses, adjusted for non-recurring costs, came to 7 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The company posted revenue of $1.14 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.15 billion.
Bausch + Lomb expects full-year revenue in the range of $5 billion to $5.1 billion.
Bausch + Lomb shares have fallen 24% since the beginning of the year. The stock has decreased slightly more than 9% 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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