Bausch Health reports US$69-million first-quarter loss, revenue down from year ago

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Bausch Health says the loss amounted to 19 cents per share for the quarter ended March 31 compared with a loss of US$1.71 per diluted share in the first quarter of 2021

reported a loss of US$69-million in its latest quarter compared with a loss of US$610-million a year earlier when it took a goodwill impairment charge in its Ortho Dermatologics business.

Revenue for the quarter totalled US$1.92-billion, down from US$2.03-billion in the same quarter last year. The company says it expects to complete the initial public offering of its eye health business Bausch + Lomb today and remains on track to spin off the business.

 

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