07:55 AM EDT, 05/01/2024 (MT Newswires) -- Bausch + Lomb ( BLCO ) on Wednesday reported a larger first quarter net loss even as revenue rose.

The net loss attributable to Bausch + Lomb ( BLCO ) increased to US$167 million, or US$0.48 per share, compared with a loss of US$90 million, or US$0.26 per share, for the first quarter of 2023.

Adjusted net income was US$24 million, or US$0.07 per share, lower than the US$34 million or US$0.10 per share last year.

The eye care company said Q1 revenue of US$1.1 billion was 18% higher than the US$931 million in the prior year quarter.

Bausch + Lomb ( BLCO ) also raised its full-year 2024 constant currency revenue growth guidance from 12-14% to 13-15%, while full-year revenue is expected to range between US$4.6 billion to US$4.7 billion.

"Outperformance from each of our business units and solid results across geographies led to an impressive quarter and once again demonstrated our quality of growth," said Brent Saunders, chairman and CEO. "Our key franchises continue to deliver, and a focus on returning to our roots by prioritizing innovation is producing tangible results."