Alcon Q3 Core EPS $0.66 vs $0.67; Sales $2.3B vs $2.349B Est.
Portfolio Pulse from Benzinga Newsdesk
Alcon reported Q3 core earnings per share (EPS) of $0.66, slightly below the expected $0.67. Sales were reported at $2.3 billion, which also fell short of the estimated $2.349 billion.
November 14, 2023 | 9:32 pm
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Alcon's Q3 earnings and sales fell short of analyst expectations, with core EPS at $0.66 compared to the $0.67 estimate and sales of $2.3 billion versus the expected $2.349 billion.
Missing both the EPS and sales estimates can be seen as a negative indicator of the company's financial performance and may lead to a short-term negative impact on the stock price. Investors typically react unfavorably to earnings misses, which can result in a decline in share value.
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RELEVANCE 100