Alcon Inc. Shares Touch 52-Week High After Reporting 2Q Results
August 18 2021 - 12:29PM
Dow Jones News
By Stephen Nakrosis
Shares of eye care company Alcon Inc. touched a 52-week high on
the New York Stock Exchange on Wednesday, a day after reporting its
second-quarter financial results and raising some full-year
guidance.
At 11:45 a.m. EDT, the company's shares were trading 11.97%
higher at $79.86. Volume at the time topped 2.1 million shares,
above the stock's 65-day average volume of 742,088.
Earlier in the session, the stock reached a 52-week high of
$80.54 a share.
After the bell Tuesday, Alcon reported second-quarter earnings
per share of 31 cents on sales of $2.1 billion. In the year-ago
period, the company reported a net loss per share of 86 cents on
sales of $1.1 billion.
Also on Tuesday, the company raised its 2021 guidance for net
sales to a range of $8 billion to $8.2 billion from an earlier
range of $7.8 billion to $8 billion. The company also raised
guidance for 2021 earnings per share to a range of $2 to $2.10 from
an earlier range of $1.85 to $1.95.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 18, 2021 12:19 ET (16:19 GMT)
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