Bausch & Lomb Expects to Beat Street

NEW YORK (AP) – Eye care products company Bausch & Lomb Inc., which is being bought by private equity firm Warburg Pincus, said Wednesday it expects revenue growth of 8 percent to 9 percent in the third quarter.

In a filing with the Securities and Exchange Commission, the Rochester, N.Y.-based company forecast quarterly sales between $625 million and $630 million, compared with sales of $577.3 million in the year-ago period.

Analysts polled by Thomson Financial, on average, estimate third-quarter sales of $617 million.

Bausch & Lomb also said it expects quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) of between $95 million and $97 million, and adjusted EBITDA of between $119 million and $121 million. In the prior-year quarter, Bausch & Lomb reported EBITDA of $61.8 million and adjusted EBITDA of $84.9 million.

Shares rose 11 cents to $64.76 in morning trading.