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Jan 13, 2021

Bausch Health says revenue for full year to outperform previous outlook

Paul MacDonald discusses Bausch Health

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LAVAL, Que. - Bausch Health Companies Inc. says it expects its revenue for 2020 to top its guidance for the year, following a strong finish.

The company says it expects its revenue to total more than US$2.2 billion for its fourth quarter.

It also says revenue for its full year is expected to beat its guidance for between US$7.8 billion and US$8 billion.

Bausch Health made the comments ahead of a presentation at an investor conference.

The company expects to release its full financial results for the fourth quarter and the full year next month.

Analysts on average had expected US$2.1 billion in revenue for the fourth quarter and US$7.9 billion for the full year, according to financial data firm Refinitiv.