By Katherine Hamilton
Alcon shares fell after the company lowered its earnings outlook for the year.
The stock fell 6% to $87.29 on Wednesday. Shares are down 2% in the past year.
The maker of eye-care devices said it was incorporating an $80 million cost from tariffs and expects new trade duties would pressure net sales.
It is now anticipating earnings per share of $3.05 to $3.15 for the year, down from previous guidance of $3.15 to $3.25.
For the first quarter, Alcon posted a profit of $350 million, or 70 cents a share, compared with $248 million, or 50 cents a share, the prior year. Revenue rose to $2.45 billion, up from $2.44 billion the year before.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 14, 2025 11:41 ET (15:41 GMT)
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