Alcon shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Alcon's stock is trading lower following the release of their Q3 financial results, which fell short of expectations. Additionally, the company's revenue guidance for the full year 2023 was below analyst estimates, further impacting the stock's performance.
November 15, 2023 | 3:44 pm
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Alcon reported Q3 financial results that did not meet expectations and provided FY23 revenue guidance that was below analyst estimates, leading to a decline in its stock price.
The negative impact on Alcon's stock price is directly related to the company's financial performance falling short of market expectations, which is a strong indicator of investor sentiment and can lead to a decrease in stock value in the short term.
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