Alcon Analysts Increase Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
Alcon Inc. (NYSE:ALC) reported mixed Q2 results, with earnings beating estimates but sales missing. Analysts raised their price targets for Alcon, reflecting optimism about future growth. The company anticipates FY24 earnings of $3.00-$3.10 per share on $9.9-$10.1 billion revenue.
August 22, 2024 | 4:00 pm
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Alcon's Q2 earnings beat estimates, but sales fell short. Analysts raised price targets, indicating confidence in the company's growth prospects. Alcon projects FY24 earnings of $3.00-$3.10 per share.
Alcon's earnings beat expectations, which is a positive indicator for investors. Although sales missed estimates, the overall sentiment is positive as analysts have raised their price targets, reflecting confidence in the company's future performance. The projected FY24 earnings also suggest growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100