Bausch Well being Firms Inc (NYSE: BHC) reported Q1 FY23 revenues of $1.94 billion, up 1% Y/Y, up 4% natural foundation, lacking the consensus estimate of $1.97 billion.
Revenues for Bausch Well being (excl. B+L) was $1.01 billion, down 2%.
Bausch + Lomb phase reported revenues had been $931 million, +5%.
Salix phase revenues had been $496 million for Q1, in contrast with $464 million a 12 months in the past. Xifaxan, Relistor, and Trulance drove gross sales progress.
The corporate reported an EPS lack of $(0.55), in contrast with $(0.19) a 12 months in the past. Adjusted web earnings attributable to Bausch Well being was $191 million, in contrast with $263 million a 12 months in the past, primarily as a consequence of larger working bills and international change headwinds.
View extra earnings on BHC
Adjusted EPS got here in at $0.52, lacking the consensus of $0.72.
Adjusted EBITDA fell to $588 million from $732 million.
Steering: The corporate confirmed its FY23 steerage for Bausch Well being (excl. B+L) and is offering full-year consolidated gross sales steerage of $8.35 – $8.55 billion, in comparison with the consensus of $8.35 billion.
It forecasts FY23 adjusted EBITDA of $3.00 – $3.15 billion.
Value Motion: BHC shares are down 18.6% at $6.02 on the final verify Thursday.
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This text Why Bausch Well being Inventory Is Tumbling Right this moment initially appeared on Benzinga.com
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