Total revenue declined 10.8% to $20.34 billion, missing the FactSet consensus of $20.8 billion, as the global markets, global banking and global wealth and investment management segments missed expectations while consumer banking topped forecasts. For additional information regarding net (debt)/liquidity, see the explanation of non-IFRS measures and reconciliation tables in the 'Non-IFRS measures as defined by the Company' and 'Financial Tables' sections. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Benzinga does not provide investment advice. The average equity rating for ALC stock is currently 2.50, trading closer to a bullish pattern in the stock market. [10], On March 29, 2010, Alcon acquired Durezol and Zyclorin from Sirion Therapeutics. These are the largest companies by revenue. Fund flows are a contrarian indicator, so outflows — not inflows — are a healthy sign, writes Mark Hulbert. Novartis acquired Alcon in a multi-year series of transactions for about $51 billion, with the final tranche occurring in December 2010. ALCON INC. : Forcasts, revenue, earnings, analysts expectations, ratios for ALCON INC. Stock | ALC | CH0432492467 The effect was particularly noticeable coming off a high 4Q19. The decline in sales was primarily driven by lower demand and widespread office closures, partially offset by incremental revenues from the launch of Pataday, Alcon's new over-the-counter solution for ocular allergies. For ease of understanding, Alcon uses a sign convention for its growth rates such that a reduction in operating expenses or losses compared to the prior year is shown as a positive growth. Reconciliation of IFRS to Core Results (continued), ($ millions except (loss)/earnings per share), Amortization ofcertainintangibleassets(1), Basic - weighted average shares outstanding(6), Diluted - weighted average shares outstanding(6). ... Alcon associates are inspired, creative and engaged individuals who excel in customer focus and innovation, while working towards Alcon’s vision of becoming the most respected eye care company in the world. ", Second quarter and first half 2020 results. Research & development includes $16 million primarily for the amortization of option rights and expenses for integration of recent acquisitions, partially offset by a $3 million fair value adjustment of a contingent consideration liability. The stock has tumbled 54.01% year to date through Tuesday, while the SPDR Financial Select Sector ETF has declined 18.7% and the S&P 500 has gained 8.7%. Net interest income fell 16.9% to $10.13 billion, just shy of the FactSet consensus of $10.24 billion. Is it still time to buy? Additional factors are discussed in Alcon’s filings with the United States Securities and Exchange Commission, including its Form 20-F and its Form 6-K furnished on May 12, 2020. Benzinga does not provide investment advice. Alcon Division, or of the proposed divestiture of certain portions of our Sandoz Division business in the US; or regarding the potential impact of the share buyback plan; or regarding potential future sales or earnings of the Group or any of its divisions or potential shareholder returns; or regarding potential future credit ratings of the +1 817 615 2789 Here are 18 tips on how to be smart with your finances as the virus flares up again. With the latest financial reports released by the company, Alcon Inc. posted 0.47/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.10%.
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