Movement Alert｜Alcon Inc. falls 5.21% in Pre-Market Trading, full-year outlook narrowed despite Q3 beat

Market Focus11-11

On November 11, Alcon Inc. fell 5.21% in Pre-Market Trading to $70.2 per share, with turnover of $7.6663 million.

The move followed the company’s latest quarterly report: third-quarter core EPS was $0.91, above consensus near $0.87, while revenue of about $2.72 billion increased from $2.59 billion a year earlier and was roughly in line with expectations.

However, management guided to full-year core EPS growth of 12% to 14% and revenue growth of around 6%. That compares with the prior quarter outlook of 12% to 15% core EPS growth and 5% to 7% revenue growth, indicating a narrower earnings range and a more centered sales view, which appears to have outweighed the quarterly beat in the market reaction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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