Bausch & Lomb Q2 Adjusted EPS $0.18, Inline, Sales $1.03B Miss $1.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bausch & Lomb (NYSE:BLCO) reported Q2 earnings of $0.18 per share, in line with analyst consensus. However, the company's quarterly sales of $1.03 billion missed the analyst consensus estimate of $1.27 billion by 18.50 percent. This represents a 37.93 percent decrease in earnings and a 9.99 percent increase in sales compared to the same period last year.
August 04, 2023 | 10:56 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bausch & Lomb's Q2 earnings met expectations but sales missed estimates, which could negatively impact the stock price.
Bausch & Lomb's earnings were in line with expectations, which is generally positive for the stock. However, the company's sales missed estimates, which is a negative signal that could outweigh the positive earnings news. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100