Valeant Pharmaceuticals International Swings To Profit On Bausch & Lomb Buy
Published: Feb 27, 2014
Valeant Pharmaceuticals International Inc , Canada's largest listed drugmaker, swung to a quarterly profit driven by the acquisition of contact lens maker Bausch & Lomb Holdings Inc. Valeant's net income attributable to the company was $123.8 million, or 36 cents per share, for the fourth quarter ended Dec. 31. The company reported a loss of $89.1 million, or 29 cents per share, a year earlier.
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