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B&L updates guidance

This article was originally published in The Tan Sheet

Executive Summary

Bausch & Lomb recall of MoistureLoc contact solution leads to an 8-K filing with the SEC to update information on its outstanding bank and public debt, Rochester, N.Y.-based firm announces Jan. 31. B&L also provides an updated financial forecast concerning its expectations for 2006 and 2007 sales and income. The firm currently expects sales of approximately $2.3 bil. reflecting "slower than anticipated rate of recovery" in Asia due to the recall. The firm also predicts full-year 2006 income before income taxes and minority interest as approximately $74 mil...

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