11:38 AM EDT, 05/02/2024 (MT Newswires) -- Bausch Health ( BHC ) shares fell 7.9% in recent Thursday trading after the company reported a Q1 loss of $0.17 a share, narrower than a loss of $0.55 a year earlier.

Two analysts surveyed by Capital IQ expected a loss of $0.12.

Revenue in the quarter ended March 31 rose to $2.15 billion from $1.94 billion a year earlier, the company said Thursday.

Four analysts surveyed by Capital IQ expected $2.16 billion.

The company affirmed its 2024 revenue outlook of $9.3 billion to $9.55 billion. Analysts surveyed by Capital IQ expect $9.39 billion.

Price: 8.06, Change: -0.69, Percent Change: -7.92