SWX:ALCMedical Equipment
Alcon (SWX:ALC) Stock Grapples With Profit Reset Despite Stronger Sales
Alcon stock closed at CHF61.06 on 11 August after a strong run over the past quarter. Yet the real story now sits in the income statement. Q2 sales landed at about US$2.8b with 7% growth, but the headline tension for investors is profits. Trailing 12 month net profit margin is 5.9% compared with 10.7% a year earlier, held back by a US$453m one off loss that still hangs over reported earnings.
For anyone thinking beyond this quarter, the key question is how quickly those margins can rebuild as...