Bausch Health Companies reported a fourth-quarter earnings beat on Tuesday.
However , the stock's upside is likely limited until the legal battle over one of its most popular drugs is resolved.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $869 million was up 5.6% versus last year and ahead of the $863 billion consensus estimate.
That makes Xifaxan responsible for 38% of Bausch Health sales, excluding B+L.
Breaking that down, $4.7 billion to $4.85 billion are attributable to Bausch Health (implying 2% to 5% organic growth), with $4.6 billion to $4.7 billion attributable to Bausch + Lomb.
Persons:
we've, Bausch, Salix, companywide EBITDA, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique
Organizations:
Health Companies, Pharmaceuticals, Norwich Pharmaceuticals, U.S ., Appeals, Federal Circuit, Bausch Health, Management, CNBC
Locations:
BLCO, Bausch