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

• Alcon AG ALCC.S reported quarterly adjusted earnings of 81 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 66 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 68 cents to 80 cents per share.

• Revenue rose 5.6% to $2.43 billion from a year ago; analysts expected $2.46 billion.

• Alcon AG's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $263 million.

• Alcon AG shares had fallen by 7.8% this quarter and gained 18.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.4% 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 14 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Alcon AG is $104.00

This summary was machine generated from LSEG data November 12 at 11:15 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)