Published on 28 Feb 2024 on Zacks via Yahoo Finance
Alcon (ALC) Q4 Earnings Beat Estimates, Margins Expand
Alcon, Inc. ALC delivered core earnings per share (EPS) of 70 cents in the fourth quarter of 2023, up 66.7% from the year-ago quarter’s figure (up 78% at the constant exchange rate or CER). The figure topped the Zacks Consensus Estimate by 2.9%. Alcon’s “core” results are based on non-IFRS (International Financial Reporting Standards) measures.
In the fourth quarter, the company’s diluted EPS was 86 cents compared to a loss of 20 cents per share in the prior-year quarter.
For the full year, the core EPS was $2.74 (up 22.3% year over year and 33% at CER). The figure exceeded the Zacks Consensus Estimate by 0.4%.