Bausch + Lomb Forecasts 2024 Revenues Of $4.70B-$4.80B Versus Prior Guidance Of $4.60B-$4.70B And Consensus Of $4.661B, With Adjusted EBITDA Of $850M-$900M Compared To Prior Guidance Of $840M–$890M
Portfolio Pulse from Benzinga Newsdesk
Bausch + Lomb has raised its revenue and Adjusted EBITDA guidance for the full year of 2024. The new revenue forecast is $4.70B-$4.80B, up from the previous $4.60B-$4.70B, and the Adjusted EBITDA is now expected to be $850M-$900M, compared to the prior $840M-$890M.
July 31, 2024 | 11:11 am
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Bausch + Lomb has increased its revenue and Adjusted EBITDA guidance for 2024, indicating a positive outlook for the company's financial performance.
The raised guidance for both revenue and Adjusted EBITDA suggests stronger than expected financial performance, which is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100