Alcon Sees FY24 EPS $3.00-$3.10 Vs $3.07 Est.; Revenue $9.9B-$10.1B Vs $9.96B Est.
Portfolio Pulse from Benzinga Newsdesk
Alcon has updated its 2024 financial outlook, projecting EPS between $3.00 and $3.10, slightly below the $3.07 estimate, and revenue between $9.9 billion and $10.1 billion, aligning with the $9.96 billion estimate. The company maintains its core operating margin and tax rate forecasts while reducing interest expense expectations.
August 20, 2024 | 8:36 pm
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Alcon's updated 2024 outlook shows EPS slightly below estimates but revenue in line with expectations. The company maintains its core operating margin and tax rate forecasts while reducing interest expense expectations.
Alcon's EPS guidance is slightly below analyst estimates, which could be seen as a negative. However, revenue guidance aligns with expectations, and the reduction in interest expenses is a positive. The overall impact is neutral as the positives and negatives balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100