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Bausch: Q2 Earnings Snapshot

By AP News - Aug 01, 2024, 11:04 AM ET
Last Updated - Aug 01, 2024, 11:04 AM EDT
Bausch: Q2 Earnings Snapshot

LAVAL, Quebec (AP) — LAVAL, Quebec (AP) — Bausch Health Companies Inc. (BHC) on Thursday reported second-quarter profit of $10 million.

On a per-share basis, the Laval, Quebec-based company said it had net income of 3 cents. Earnings, adjusted for non-recurring costs, were 98 cents per share.

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The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The drugmaker posted revenue of $2.4 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $2.33 billion.

Bausch expects full-year revenue in the range of $9.4 billion to $9.65 billion.

Bausch shares have dropped 25% since the beginning of the year. The stock has dropped 38% 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 BHC at https://www.zacks.com/ap/BHC

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