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StockNews.com
Business
Anushka Dutta

Assessing Alcon Inc.’s (ALC) Post-Earnings Prospects: Is It Time to Invest, Hold, or Let Go?

ALC INC

Geneva, Switzerland-based eye care product seller Alcon Inc. (ALC) reported its third-quarter financials yesterday. The company’s net sales rose 8.4% year-over-year to $2.30 billion but missed analysts' average forecast of $2.35 billion.

Its core net income of $327 million also missed the estimated $329.59 million. ALC tightened its fiscal 2023 net sales outlook from $9.3 billion-$9.5 billion to $9.3 billion-$9.4 billion and its core EPS outlook from $2.70-$2.80 to $2.70-$2.75.

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