(Updates with the latest stock movement in the first paragraph and headline.)
Bausch Health (BHC) shares were up roughly 27% in Thursday trading after the company reported higher Q2 results and raised its 2026 revenue outlook.
The company reported Q2 adjusted earnings late Wednesday of $1.26 per diluted share, up from $0.90 a year earlier.
Analysts polled by FactSet expected $0.99.
Revenue for the quarter ended June 30 was $2.85 billion, compared with $2.53 billion a year earlier.
Four analysts expected $2.61 billion.
For 2026, the company now expects revenue of $10.79 billion to $11.04 billion, up from $10.67 billion to $10.92 billion previously. Four analysts expect $10.52 billion.
Price: $5.98, Change: $+1.30, Percent Change: +27.78%