Bausch + Lomb beats earnings expectations in Q3

An earlier version of this report gave incorrect revenue numbers. Bausch & Lomb had $942 million in revenue in the third quarter of the year, down from $949 million in the same three months of last year. It has been corrected.

Bausch + Lomb Corp. BLCO, -2.93% said Wednesday that it had a loss of $18 million, or 5 cents per share, in the first quarter of 2022, after a gain of $60 million, or 17 cents per share, in the same quarter a year ago. Adjusted earnings per share were 31 cents, against a FactSet consensus of 23 cents. Bausch’s revenue was $942 million in the third quarter of the year, down from $949 million in the same three months of last year. The FactSet consensus was $950 million. The company updated its guidance for the year, saying it now expects revenue of $3.70 billion to $3.75 billion, down from $3.75 billion to $3.80 billion. Bausch’s stock is up 0.8% over the last three months, while the S&P 500 SPX, -0.54% is down 6.3%.