Bausch + Lomb beats earnings expectations in Q3

Bausch & Lomb Corp.
BLCO,
+.63%
explained Wednesday that it had a decline of $18 million, or 5 cents for every share, in the initial quarter of 2022, following a obtain of $60 million, or 17 cents per share, in the identical quarter a year back. Adjusted earnings for every share have been 31 cents, versus a FactSet consensus of 23 cents. Bausch’s earnings was $937 million in the 3rd quarter of the yr, down from $941 million in the similar a few months of last yr. The FactSet consensus was $950 million. The firm current its steerage for the 12 months, indicating it now expects income of $3.70 billion to $3.75 billion, down from $3.75 billion to $3.80 billion. Bausch’s inventory is up .8% more than the very last 3 months, whilst the S&P 500
SPX,
-.41%
is down 6.3%.