Alcon AG reports results for the quarter ended June 30 - Earnings Summary

• Alcon AG ALC reported quarterly adjusted earnings of 76 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 72 cents per share. Wall Street expected results to range from 68 cents to 78 cents per share.

• Revenue rose 3.8% to $2.58 billion from a year ago; analysts expected $2.62 billion.

• Alcon AG's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $176 million.

• Alcon AG shares had fallen by 0.2% this quarter and gained 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Alcon AG is $107.50, about 16.2% above its last closing price of $90.12

This summary was machine generated from LSEG data August 19 at 09:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)