Bausch + Lomb Raises Full-Year 2024 Constant Currency Revenue Growth Guidance From 12-14% To 13-15%, With Revenue Guidance Of $4.6B–$4.7B Versus Consensus Of $4.66B
Portfolio Pulse from Benzinga Newsdesk
Bausch + Lomb has increased its full-year 2024 revenue growth guidance in constant currency terms from 12-14% to 13-15%, with a new revenue target of $4.6B–$4.7B, compared to a consensus estimate of $4.66B.
May 01, 2024 | 11:07 am
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Bausch + Lomb has revised its 2024 revenue growth outlook upwards, now expecting 13-15% growth, with revenue projections of $4.6B to $4.7B, which is in line or slightly above market consensus of $4.66B.
Raising the revenue growth guidance indicates a strong outlook for Bausch + Lomb's business and financial performance. This positive adjustment suggests that the company is performing better than previously expected, which could lead to increased investor confidence and potentially drive the stock price up in the short term. The fact that the new guidance is in line with or slightly above consensus estimates further strengthens the case for a positive market reaction.
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