Alcon: misses consensus in Q2
(CercleFinance.com) - The Alcon share is down 0.
4% in early trading in Zurich on Wednesday, after the Eye Health Specialist reported adjusted Q2 2019 EPS that is down 10% at 47 cents, two cents short of the consensus.
The Swiss group saw its adjusted operating margin contract by 0.6 points to 16.6% for sales that are up 2% at 1.86 billion dollars (+5% excluding FX factors), a level which is also slightly below expectations, Invest Securities says.
Alcon confirms its annual targets of an adjusted operating margin of between 17% and 18%, as well as sales growth of between 3% and 5% at constant exchange rates, forecasts that are in line with expectations.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4% in early trading in Zurich on Wednesday, after the Eye Health Specialist reported adjusted Q2 2019 EPS that is down 10% at 47 cents, two cents short of the consensus.
The Swiss group saw its adjusted operating margin contract by 0.6 points to 16.6% for sales that are up 2% at 1.86 billion dollars (+5% excluding FX factors), a level which is also slightly below expectations, Invest Securities says.
Alcon confirms its annual targets of an adjusted operating margin of between 17% and 18%, as well as sales growth of between 3% and 5% at constant exchange rates, forecasts that are in line with expectations.
Copyright (c) 2019 CercleFinance.com. All rights reserved.