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Company News

BUZZ-Valeant: Busiest stock on NYSE as Q3 beats

(Updates)

** Canadian drugmaker’s U.S.-listed shares up as much as 19 pct at $14.32 - most actively traded stock on NYSE

** Valeant reports better-than-expected Q3 profit on strength in its Bausch and Lomb eye-care business

** Total revenue falls 10.5 pct to $2.22 bln, largely due to volume decreases in its U.S. diversified products and branded businesses, but beat estimate of $2.15 bln

** Company maintains FY adjusted earnings forecast

** Valeant’s Canadian-listed shares also up about 15 pct

** Up to Monday’s close, stock had fallen 17 pct this year (Reporting by Akankshita Mukhopadhyay and Sai Sachin Ravikumar in Bengaluru)

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