Bausch Health Shares Plunge 20% Since Q1 Miss
<p><a href='https://financialmodelingprep.com/financial-summary/BHC'>Bausch Health Companies Inc. (NYSE:BHC)</a> shares dropped more than 20% since the company’s reported Q1 results on Thursday.</p>
<p>While revenues and adjusted EBITDA came in worse than the Street estimates. Despite a miss in results today, management reiterated 2023 guidance for RemainCo. Management expects operational performance to improve in the remainder of the year aided by seasonality and investments in the business. </p>
<p>2023 revenue guidance of $4.45-4.60 billion implies more than 4% year-over-year growth at the mid-point, compared to the 2% year-over-year decline in Q1/23.</p>

NYSE:BHC