Alcon Q3 Earnings Top Estimates, Margins Up, Stock Gains in Afterhours

Zacks11-13

Alcon, Inc. ALC delivered core earnings per share (EPS) of 81 cents for the third quarter of 2024, up 22.7% from the year-ago quarter’s figure (up 25% at the constant exchange rate or CER). The figure...

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The figure...</p>\n\n<a href=\"https://finance.yahoo.com/news/alcon-q3-earnings-top-estimates-152700524.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alcon Q3 Earnings Top Estimates, Margins Up, Stock Gains in Afterhours</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlcon Q3 Earnings Top Estimates, Margins Up, Stock Gains in Afterhours\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alcon-q3-earnings-top-estimates-152700524.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alcon, Inc. ALC delivered core earnings per share (EPS) of 81 cents for the third quarter of 2024, up 22.7% from the year-ago quarter’s figure (up 25% at the constant exchange rate or CER). The figure...</p>\n\n<a href=\"https://finance.yahoo.com/news/alcon-q3-earnings-top-estimates-152700524.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RMD.AU","symbol_name":"Resmed DRC","start_time":0,"source_url":"https://finance.yahoo.com/news/alcon-q3-earnings-top-estimates-152700524.html","article_id":"2483343088","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Z9cpClmJQHpcjlETszUEbA--~B/aD00NjU7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0e6e00119767dea571e2db52c929df03"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483343088","pubTimestamp":1731511620,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Alcon, Inc.ALC delivered core earnings per share  of 81 cents for the third quarter of 2024, up 22.7% from the year-ago quarter’s figure . The figure topped the Zacks Consensus Estimate by 12.5%.Alcon reports “core” results based on non-IFRS  measures. In the third quarter, the company’s EPS was 53 cents, up 29%  year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Alcon’s net sales to third parties in the quarter under review were $2.43 billion, which missed the Zacks Consensus Estimate by 0.8%. However, the top line increased by 5.6% from the year-ago quarter’s levels .Shares of Alcon rose 3.6% in after hour-trading yesterday following the earnings release.Alcon reports operations through two segments — Surgical  and Vision Care .The cost of net sales in the third quarter was $1.06 billion, up 4.1% year over year. The core gross profit rose 6.9% to $1.37 billion in the reported quarter. Meanwhile, the core gross margin expanded 64 basis points  to 5","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RMD.AU":"Resmed DRC","DGX":"奎斯特诊疗","RMD":"瑞思迈","ALC":"爱尔康","BSX":"波士顿科学"},"translate_title":"爱尔康第三季度盈利最高什什锦，利润率上升，盘后股价上涨什锦","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALC":0.9,"BSX":0.9,"DGX":0.9,"RMD":0.9,"RMD.AU":0.9},"content_text":"Alcon, Inc. ALC delivered core earnings per share (EPS) of 81 cents for the third quarter of 2024, up 22.7% from the year-ago quarter’s figure (up 25% at the constant exchange rate or CER). The figure topped the Zacks Consensus Estimate by 12.5%.\nAlcon reports “core” results based on non-IFRS (International Financial Reporting Standards) measures. In the third quarter, the company’s EPS was 53 cents, up 29% (up 32% at CER) year over year.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nRevenues in Detail\nAlcon’s net sales to third parties in the quarter under review were $2.43 billion, which missed the Zacks Consensus Estimate by 0.8%. However, the top line increased by 5.6% from the year-ago quarter’s levels (up 6% at CER).\nShares of Alcon rose 3.6% in after hour-trading yesterday following the earnings release.\nQuarter in Detail\nAlcon reports operations through two segments — Surgical (comprising Implantables, Consumables and Equipment/Other) and Vision Care (comprising Contact Lenses and Ocular Health).\nSurgical\nIn the third quarter of 2024, Surgical sales amounted to $1.34 billion, up 6% on a reported and CER basis year over year. Our model projected the segment’s growth to be 6.1% at CER versus the prior year.\nWithin this, net sales in Implantables increased 5% at CER, led by strong sales of advanced technology intraocular lenses in international markets, including a benefit from volume-based procurement in China, partially offset by slower market conditions in the United States. Our model projected 7.2% year-over-year growth at CER.\n\nAlcon Price, Consensus and EPS Surprise\n\nAlcon price-consensus-eps-surprise-chart | Alcon Quote\n\nConsumables increased 6% at CER, driven by vitreoretinal consumables in international markets, cataract consumables and price increases. Our model’s projection was an increase of 5.5% at CER.\nEquipment/Other was up 1% at CER from the prior-year quarter’s levels. Our model had forecast a decline of 1.1% at CER.\nVision Care\nThe segment reported total sales of $1.1 billion, up 7% year over year on both a reported and CER basis. Our model’s projection was 7.9% growth at CER.\nNet sales of Contact Lenses increased 8% year over year at CER, driven by product innovation, including toric multifocal modalities and price increases. This surpassed our model’s projected growth of 10% at CER year over year.\nOcular Health sales increased 4% year over year at CER, primarily driven by the portfolio of eye drops, including continued strength from the Systane family of artificial tears. However, this was partially offset by declines in contact lens care in international markets. Our model forecast was 5.9% at CER.\nMargins\nThe cost of net sales in the third quarter was $1.06 billion, up 4.1% year over year. The core gross profit rose 6.9% to $1.37 billion in the reported quarter. Meanwhile, the core gross margin expanded 64 basis points (bps) to 56.3% in the third quarter of 2024.\nSG&A expenses increased 1.4% year over year, while R&D expenses rose 11.9% year over year. The core operating margin expanded 152 bps in the third quarter to 13.8%.\nFinancial Position\nAlcon exited the third quarter of 2024 with cash and cash equivalents of $1.57 billion compared with $1.37 billion at the end of the second quarter.\nThe cumulative net cash flow from operating activities at the end of the third quarter was $1.62 billion compared with $937 million in the year-ago period. Free cash flow totaled $1.29 million at the end of the third quarter of 2024 compared with $592 million in the comparable 2023 months.\n2024 Outlook\nAlcon updated its financial outlook for 2024.\nThe company now anticipates 2024 net sales in the range of $9.80-$9.90 billion (compared with the earlier range of $9.90-$10.10 billion), indicating growth of 6%-7% (earlier 7%-9%) at CER from 2023. The Zacks Consensus Estimate for ALC’s revenues is pegged at $9.89 billion.\nCore EPS for the full year is expected in the range of $3.00-$3.05 ($3.00-$3.10 earlier). This suggests growth of 15%-17% (earlier 15%-18%) at CER from the 2023 levels. The Zacks Consensus Estimate for Alcon’s 2024 earnings is currently pegged at $3.02 per share.\nOur Take\nAlcon posted mixed third-quarter results, with better-than-expected earnings but lower-than-estimated revenues. On a positive note, the top line improved on a year-over-year basis. The performance was driven by robust demand for the company’s innovative products, balanced geographic footprint and strong execution by the team. Growth in the Vision Care segment underscores the strength of contact lenses. The expansion of both margins in the quarter is encouraging, too.\nAlcon is preparing for product launches that are set to drive its next phase of growth in 2025 and beyond.\nZacks Rank and Other Key Picks\nAlcon currently carries a Zacks Rank #2 (Buy).\nSome other top-ranked stocks in the broader medical space that have announced quarterly results are Quest Diagnostics Incorporated DGX, ResMed Inc. RMD and Boston Scientific Corporation BSX.\nQuest Diagnostics, carrying a Zacks Rank of 2, reported third-quarter 2024 adjusted earnings per share (EPS) of $2.30, beating the Zacks Consensus Estimate by 1.8%. Revenues of $2.49 billion outpaced the consensus mark by 3.4%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nQuest Diagnostics has a long-term estimated growth rate of 6.5%. DGX’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 3.4%.\nResMed reported first-quarter fiscal 2025 adjusted EPS of $2.20, beating the Zacks Consensus Estimate by 8.4%. Revenues of $1.22 billion surpassed the Zacks Consensus Estimate by 2.9%. It currently carries a Zacks Rank #2.\nResMed has a long-term estimated growth rate of 14.8%. RMD’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 6.4%.\nBoston Scientific reported third-quarter 2024 adjusted EPS of 63 cents, beating the Zacks Consensus Estimate by 8.6%. Revenues of $4.21 billion surpassed the Zacks Consensus Estimate by 4.4%. It currently carries a Zacks Rank #2.\nBoston Scientific has a long-term estimated growth rate of 13.8%. BSX’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 8.3%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBoston Scientific Corporation (BSX) : Free Stock Analysis Report\nQuest Diagnostics Incorporated (DGX) : Free Stock Analysis Report\nResMed Inc. (RMD) : Free Stock Analysis Report\nAlcon (ALC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483343088"}