Bausch & Lomb Corp

BLCO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$52.00	Jllwrg	Ypqvnzxnw

Bausch & Lomb Earnings: Product Launches Across Segments Support Solid Top-Line Growth

Keonhee Kim ,

Aug 1, 2024

Narrow-moat Bausch & Lomb reported solid second-quarter results, with top-line growth and EPS exceeding our expectations. Total sales were up 18% year over year to $1.2 billion, mainly driven by healthy demand for vision care products and contributions from drugs Xiidra and Miebo. We maintain our fair value estimate of $19 (CAD 26) per share and believe near-term product launches, led by the Infuse portfolio and Miebo, should add to the company’s intangible assets that reinforce its moat rating.

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