LAVAL, Quebec (AP) _ Bausch Health Companies Inc. (BHC) on Thursday reported a loss of $152 million in its first quarter.
The Laval, Quebec-based company said it had a loss of 43 cents per share. Earnings, adjusted for one-time gains and costs, were 89 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The drugmaker posted revenue of $2.01 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $2.05 billion.
Bausch expects full-year revenue in the range of $7.8 billion to $8.2 billion.
Bausch shares have decreased 43% since the beginning of the year. The stock has declined 33% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHC at https://www.zacks.com/ap/BHC
Automated Insights, source Associated Press News