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Tuesday, August 9, 2022

Bausch Health Stock Sinks on Earnings Miss and Lowered Guidance

 Bausch Health BHC –8.65%  stock was plummeting Tuesday after the company delivered disappointing quarterly results and slashed its full-year financial outlook.

The pharmaceutical firm posted earnings of 40 cents a share, lower than the 91 cents a share consensus among analysts tracked by FactSet. Revenue of $1.97 billion for the quarter, which ended in June, also missed expectations of $2.03 billion.

https://www.barrons.com/articles/bausch-health-earnings-stock-price-51660047675

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