Bausch & Lomb's stock soars 11% after earnings beat
BLCOBausch + Lomb (BLCO) Market Watch·2024-02-21 21:27

Bausch + Lomb Corp.’s stock soared 10% early Wednesday, after the vision-care company’s adjusted fourth- quarter profit topped estimates and it offered upbeat revenue guidance for 2024. The Vaughan, Ontario-based company BLCO, +1.96% had a net loss of 54million,or15centsashare,forthequarter,afteralossof54 million, or 15 cents a share, for the quarter, after a loss of 1 million in the year-earlier period. Adjusted per-share earnings came to 24 cents, ahead of the 17-cent FactSet consensus. Revenue rose to 1.173billionfrom1.173 billion from 996 million a year ago, also ah ...