Alcon Inc. (ALC) shares plummeted 6.75% in after-hours trading on Tuesday following the release of its fourth-quarter financial results.
The eye care company reported adjusted earnings per share of $0.78 for the quarter, narrowly missing the analyst consensus estimate of $0.79. Quarterly revenue came in at $2.702 billion, also slightly below the expected $2.717 billion.
While both metrics showed year-over-year growth, the dual miss against market expectations appears to have triggered the significant after-hours sell-off.