Alcon Reports First Quarter 2020 Results

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Go back to Alcon Reports First Quarter 2020 Results

Alcon (ALC) Tops Q1 EPS by 10c, Revenues Beat

May 12, 2020 4:34 PM EDT

Alcon (NYSE: ALC) reported Q1 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.71 billion.

Solid first quarter sales of $1.8 billion, an increase of 3%, or 4% constant currencySuccessful launch of PATADAY strengthens Alcon's leadership in the US OTC allergy marketDecline in global demand for surgical procedures will negatively impact second quarter resultsFocus on associate safety, business continuity and financial flexibility

"Our first quarter reflects... More