By Anastasiia Kozlova
May 14 (Reuters) - Swiss eye care group Alcon's ALCC.S, ALC.N shares fell sharply on Wednesday after the company revised its 2025 outlook to reflect the impact of U.S. tariffs and as it reported first-quarter results below estimates.
Late on Tuesday, Alcon raised its 2025 sales forecast to between $10.4 and $10.5 billion on FX tailwinds, up from its earlier projection of $10.2 to $10.4 billion, but lowered its core operating margin outlook to 20–21%, down from the 21–22% expected in February.
Alcon's shares were down 9.4% at 0708 GMT, on track for their worst day since March 2020.
"This outlook incorporates a gross tariff impact of approximately $80 million, which is expected to pressure cost of net sales," the company said in a statement, adding that it planned to fully offset the impact through operational measures and currency effects.
Some analysts had expected Alcon to maintain its guidance or even upgrade it.
Alcon's shares had dropped about 15% early April, reacting to President Donald Trump's tariff announcement and the subsequent response from China.
The company, which produces contact lenses, dry eye drops, gels and other related products, also reported quarterly revenue of $2.45 billion, slightly below analysts' average forecast of $2.51 billion, based on LSEG data.
It reported net income of $350 million, missing market expectations of $377.7 million.
Stock performance of Swiss-American eye care group Alcon shown in percentage from December 30, 2024 to May 13, 2025 https://reut.rs/3F2JLjm
(Reporting by Anastasiia Kozlova in Gdansk. Editing by Jane Merriman)
((Anastasiia.Kozlova@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。