Financial PerformanceAdjusted-basis GM% of 63.2% exceeded consensus estimates, while OM% of 20.6% expanded and topped expectations, offsetting the revenue shortfall.
Market PositionAlcon is a leader in the $30B+ ophthalmic device market, holding a #1/#2 position across most surgical and vision care categories in which it competes.
Product LaunchesALC's product launch lineup is one of the best it's been since its spin from Novartis, expected to result in revenue growth accelerating and driving multiple expansion as margin and earnings outlook strengthens.