mohd izzuan Alcon ( NYSE: ALC ) is down ~5% in after-hours trading Tuesday after reporting Q2 results that missed on the top line but beat on the bottom . The Swiss company is maintaining its 2024 sales outlook of $9.9B-$10.
1B. Consensus is $9.98B.
Also, it maintained its core diluted EPS of $3 to $3.10. Consensus is $3.
06. In the quarter, GAAP net income rose ~32% year over year $223M ($0.45 per share, basic and diluted vs.
$0.34). Alcon ended the quarter (June 30) with ~$1.
4B in cash and cash equivalents compared to ~$1.1B on Dec. 31, 2023.
More on Alcon Alcon: Trading At An Undeserved Premium Valuation Alcon Q2 2024 Earnings Preview Seeking Alpha’s Quant Rating on Alcon Historical earnings data for Alcon Dividend scorecard for Alcon.
