Alcon's Swiss Shares Jump After Contact-Lense Sales Boost Earnings
By Adria Calatayud
Alcon shares in Switzerland climbed after the company reported higher earnings and profit for the first quarter, boosted by growing demand for contact lenses and ocular-health products.
At 0801 GMT, Switzerlan-listed shares in the Swiss eyecare company traded 9.3% higher at CHF80.96.
Alcon's after-tax profit for the first three months of the year was $248 million compared with $174 million for the year-earlier period.
Sales to third parties rose to $2.44 billion from $2.33 billion. At constant currency, sales grew 7%, with contact lenses the fastest-growing segment.
Alcon Chief Executive David J. Endicott said the company saw record sales in contact lenses last quarter.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
May 14, 2024 04:28 ET (08:28 GMT)
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