Red Flag Note- Bausch + Lomb Corporation (BLCO)

Sales and profits may have been pulled backward into the quarter

Bausch+Lomb’s ($BLCO) first-quarter non-GAAP EPS of 7 cps hit estimates on the nose. However, a quick glance at the company’s results revealed several items that give us cause to question the quality of the reported results.

As with all Red Flag Notes, we caution that this report does not represent a full earnings quality review of the company. We may perform more work on BLCO and follow up with additional concerns.

Now, let’s get behind the numbers…

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