VAUGHAN, Ontario (AP) — VAUGHAN, Ontario (AP) — Bausch + Lomb Corporation (BLCO) on Wednesday reported a loss of $54 million in its fourth quarter.
The Vaughan, Ontario-based company said it had a loss of 15 cents per share. Earnings, adjusted for one-time gains and costs, came to 24 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The company posted revenue of $1.17 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.09 billion.
For the year, the company reported a loss of $260 million, or 74 cents per share, swinging to a loss in the period. Revenue was reported as $4.15 billion.
Bausch + Lomb expects full-year revenue in the range of $4.6 billion to $4.7 billion.
Bausch + Lomb shares have fallen 14% since the beginning of the year. The stock has fallen 23% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLCO at https://www.zacks.com/ap/BLCO