Categories AlphaGraphs, Earnings, Health Care

Infographic: Highlights of Bausch Health (BHC) Q1 2020 earnings results

Bausch Health Companies Inc. (NYSE: BHC) reported a wider loss in the first quarter of 2020 due to lower income taxes benefit and higher costs and expenses. The top-line remained virtually unchanged from the last year, due to the negative impact of COVID-19 pandemic, unfavorable foreign exchange, the impact of 2019 acquisition, as well as divestitures and discontinuation.

Bausch Health (BHC) Q1 2020 earnings review

Further, the company lowered its full-year 2020 revenue outlook to the range of $7.80-8.20 billion from the previous range of $8.65-8.85, and adjusted EBITDA forecast to the range of $3.15-3.25 billion from the prior range of $3.50-3.65 billion. This is primarily due to the actual and anticipated impacts of coronavirus pandemic.

The company is initiating a clinical trial program in Canada evaluating an investigational use of nebulized antiviral Virazole in combination with standard of care therapy to treat hospitalized adult patients with respiratory distress due to COVID-19. The company ramped up manufacturing of chloroquine and azithromycin and donated these products to local hospitals in Italy and Spain.

Bausch is working toward investigative trials in the US to evaluate Xifaxan in combination therapy to potentially address the symptoms of gastrointestinal distress and pulmonary compromise associated with COVID-19 infection. Supply chain and manufacturing facilities are operational, and to date, Bausch Health has not had any material COVID-19 related supply disruptions.

Past Performance

Most Popular

Earnings calendar for the week of May 3

Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while

How did the first quarter of 2021 turn out for the airline industry?

The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In

Amazon (AMZN) fine-tunes growth strategy to stay in the fast lane

The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top