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Tuesday, May 12, 2020

-=Alcon (ALC) reported earnings on Tue 12 May 20 (a/h)

Alcon beats by $0.11, beats on revs
  • Reports Q1 (Mar) earnings of $0.45 per share, $0.11 better than the S&P Capital IQ Consensus of $0.34; revenues fell 1.3% year/year to $1.8 bln vs the $1.69 bln S&P Capital IQ Consensus.
  • Outlook: Due to the uncertain scope and duration of the ongoing COVID-19 outbreak, the company is unable to provide an estimate for financial results for the full year 2020. While second quarter results will be negatively impacted by the health crisis, given the critical nature of eye care, customer demand is expected to resume when underlying conditions normalize and gradually lead to an improvement in the back half of the year.

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