LAVAL, Que. — Bausch Health Companies Inc. reported a profit in its latest quarter compared with a loss a year earlier.
The company, which keeps is books in U.S. dollars, says it its profit attributable to Bausch Health totalled US$69 million or 19 cents per share for the quarter ended Dec. 31, compared with a loss of US$153 million or 43 cents per diluted share in the same quarter a year earlier.
Revenue totalled nearly US$2.2 billion compared with $2.21 billion in the fourth quarter of 2020.
On an adjusted basis, the company says it earned US$463 million in the fourth quarter compared with an adjusted profit of US$478 million in the last three months of 2020.
In its outlook for 2022, Bausch Health says it expects revenue between US$8.4 billion and US$8.6 billion this year.
Full-year adjusted earnings before interest, taxes, depreciation and amortization are expected to be in a range from US$3.45 billion to US$3.6 billion.
This report by The Canadian Press was first published Feb. 23, 2022.
Companies in this story: (TSX:BHC)
The Canadian Press
