Why Bausch Health Jumped More Than 12% Today
Shares of Bausch Health Companies (NYSE: BHC) were up by 12.6% as of 1 p.m. EDT Thursday after the company released preliminary results for the third quarter. The full report is scheduled to be released on Nov. 3.
The healthcare products and pharmaceutical company said it expects to report third-quarter revenue of at least $2.1 billion. This would amount to a 28% increase over second-quarter sales, though a 3% decline compared to Q3 2019. The midpoint of analysts’ expectations for the just-completed period is just $1.98 billion.