Alcon (NYSE:ALC) reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Alcon beat estimated earnings by 28.57%, reporting an EPS of $0.63 versus an estimate of $0.49.
Revenue was up $106.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.19 which was followed by a 6.95% increase in the share price the next day.
Here’s a look at Alcon’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.49 | 0.49 | 0.49 | 0.45 |
| EPS Actual | 0.68 | 0.56 | 0.54 | 0.56 |
| Revenue Estimate | 2.04B | 2.04B | 2.04B | 1.96B |
| Revenue Actual | 2.17B | 2.13B | 2.08B | 2.09B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Alcon management provided guidance for FY 2022, expecting earnings between $2.2 and $2.3 per share.
To track all earnings releases for Alcon visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
