Bausch + Lomb Third Quarter 2024 Earnings: Beats Expectations

Bausch + Lomb (NYSE:BLCO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.20b (up 19% from 3Q 2023).
• Net income: US$4.00m (up from US$84.0m loss in 3Q 2023).
• Profit margin: 0.3% (up from net loss in 3Q 2023).
• EPS: US$0.006 (up from US$0.24 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bausch + Lomb Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Bausch + Lomb's balance sheet and an in-depth analysis of the company's financial position.

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