Bausch & Lomb Slashes Guidance

The battered American company indicated to investors yesterday that it stands to make a pre-tax profit of only $27-80 million for this year on sales of $2.33-2.4 billion, growing to a $220-270 million profit in 2007 on sales of $2.5-2.625 billion. Its U.S. operations will show a loss in 2006.

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