Alcon Inc. (ALC) shares plummeted 7.12% in pre-market trading on Wednesday, following the release of the company's first-quarter 2026 financial results.
The eye care company reported mixed results for the quarter, with adjusted earnings per share of $0.85 beating analyst estimates of $0.81-$0.82, but revenue of $2.69 billion slightly missing expectations of $2.70-$2.71 billion. While the company raised its full-year 2026 core EPS growth outlook to 10-13% from the previous 9-12%, it maintained its revenue growth forecast of 5-7%.
The market reaction suggests investors may be focusing on the revenue miss and questioning the company's top-line growth trajectory, despite the earnings beat and improved profit outlook.
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