Bausch + Lomb falls on quarterly surprise loss

U.S.-listed shares of contact lens maker Bausch + Lomb's BLCO.TO, BLCO.N fall 11.3% to $12.17 premarket

BLCO posts Q1 adj. loss of 15 cents per share, compared with analysts' estimated profit of 3 cents per share, according to data compiled by LSEG

Co reports Q1 revenue of $1.14 billion vs estimates of $1.15 billion - LSEG

However, co raised its annual revenue forecast to the range of $5 billion to $5.1 billion compared to the previous projection of $4.95 billion to $5.05 billion

Brokerage Evercore ISI says "while we expected annual forecast cut on enVista recall and tariffs, the Q1 margin and EPS miss was unexpected"

As of last close, BLCO has fallen 24% YTD