Bausch & Lomb Q1 2024 Adj EPS $0.07 Beats $0.05 Estimate, Sales $1.099B Beat $1.065B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bausch & Lomb (NYSE:BLCO) reported Q1 2024 adjusted EPS of $0.07, surpassing the $0.05 estimate, and sales of $1.099B, exceeding the $1.065B estimate. This represents a 30% decrease in EPS and an 18.05% increase in sales year-over-year.
May 01, 2024 | 10:59 am
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Bausch & Lomb reported a Q1 2024 EPS of $0.07, beating estimates, and sales of $1.099B, also above expectations. Year-over-year, EPS decreased by 30% while sales increased by 18.05%.
The positive earnings and sales beat indicate strong financial performance and operational efficiency, likely leading to increased investor confidence and potential stock price appreciation in the short term. The significant year-over-year sales growth further underscores the company's market strength, despite the decrease in EPS which could be attributed to various factors not detailed in the news. Overall, the earnings beat and sales growth are positive indicators for BLCO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100