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    Lei Ling

    Senior Vice President and Equity Research Analyst at Wells Fargo

    Lei Ling is a Senior Vice President and Equity Research Analyst at Wells Fargo, focusing on the consumer and retail sectors. She covers companies such as Walmart, Costco, Target, and The Home Depot, with a proven track record of delivering influential market insights and investment recommendations; according to TipRanks, her calls have resulted in a success rate of approximately 69% and above-average returns for clients. Ling began her career in equity research in the mid-2010s, previously holding analyst roles at Barclays and J.P. Morgan before joining Wells Fargo in 2019. She holds FINRA registrations including Series 7, 63, and 86/87, and is recognized for her expertise in securities analysis and sector coverage.

    Lei Ling's questions to Bausch & Lomb (BLCO) leadership

    Lei Ling's questions to Bausch & Lomb (BLCO) leadership • Q1 2025

    Question

    Lei Ling, on behalf of Larry Biegelsen, asked for clarity on the phasing of the 120 basis point tariff impact on EBITDA margin throughout 2025. She also inquired if full-year expectations for Xiidra's headwinds have changed and how its sales should be expected to grow sequentially.

    Answer

    CFO Osama Eldessouky explained that the first half of the year is 'well protected' from tariff impacts due to actions already taken, with the headwind expected to materialize more in the second half, balanced between Q3 and Q4. Chairman and CEO Brenton L. Saunders addressed Xiidra, confirming that Q1 headwinds were expected due to seasonality and the strategy to gain access is working, with 14% TRx growth. He stated that programs to improve profitability are being implemented, and sales should grow sequentially through the year.

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