Alcon Q1 2024 Adj EPS $0.78 Beats $0.73 Estimate, Sales $2.444B Miss $2.462B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alcon (NYSE:ALC) reported Q1 2024 adjusted EPS of $0.78, surpassing the $0.73 estimate, but its sales of $2.444B fell short of the $2.462B estimate, marking a 4.76% year-over-year increase.
May 13, 2024 | 8:46 pm
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Alcon's Q1 2024 earnings exceeded expectations with an adjusted EPS of $0.78, beating the estimate of $0.73. However, its sales of $2.444B missed the forecast by a narrow margin, indicating a mixed financial performance but overall growth compared to the previous year.
The positive earnings beat suggests operational efficiency and profitability, which could be favorable for investor sentiment. However, the slight miss in sales forecasts may temper enthusiasm, leading to a neutral short-term price direction. The year-over-year sales growth indicates underlying strength, supporting a balanced view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100