Bausch & Lomb Raised FY23 Revenue Outlook To $4.035B-$4.085B (From $3.95B-$4.00B) Vs. $5.51B Est.
Portfolio Pulse from Benzinga Newsdesk
Bausch & Lomb has increased its FY23 revenue outlook to $4.035B-$4.085B, up from the previous estimate of $3.95B-$4.00B. However, this is still below the estimated $5.51B.
November 01, 2023 | 11:04 am
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NEUTRAL IMPACT
Bausch & Lomb's revised revenue outlook is positive but still falls short of estimates, which may impact its stock price.
Bausch & Lomb's upward revision of its FY23 revenue outlook is a positive signal, indicating better-than-expected performance. However, the new outlook is still below the estimated $5.51B, which may disappoint investors and potentially put downward pressure on the stock price. Therefore, the impact on Bausch & Lomb's stock price is neutral to slightly negative in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100