Bausch + Lomb Corporation (BLCO) has released an update.
Bausch + Lomb Corporation has reported a robust first-quarter for 2024 with revenues soaring to $1.099 billion, a significant 18-20% increase from the previous year, signaling strong growth across all business segments. Despite a GAAP net loss of $167 million, the company has raised its full-year revenue growth guidance, reflecting confidence in continued performance. This financial upswing is attributed to broad-based growth, including advances in daily lenses and dry eye treatments, and is expected to be bolstered by upcoming product launches.
For further insights into BLCO stock, check out TipRanks’ Stock Analysis page.
