Alcon Inc., a global eyecare company with research and production facilities in Berks County, reported second quarter revenue Tuesday associated with $2. 2 billion, just over the consensus estimate of industry analysts and up 5% over last year.

Alcon also reported core diluted earnings per share of 63 cents, above the 55-cent forecast of industry analysts surveyed by Zacks Investment Research, though the organization lowered forecasts for 2022.

“We see strong demand for our innovative products by doctors, patients and consumers around the world, ” David Endicott, chief executive officer, said inside a statement. “This, coupled with ongoing recovery across international markets, drove another quarter of strong sales growth. ”


Alcon said the particular strong U. S. dollar and foreign currency translations will present a challenge, he said. In “constant currency, ” that is, excluding the effects of exchange-rate fluctuations, Alcon said income increased 10% over the year-ago quarter’s $2. 1 billion.

The company reduced its 2022 full-year revenue outlook. It now predictions revenue associated with $8. 6 billion to $8. 8 billion, down from its May projection of $8. 7 billion to $8. 9 billion dollars.

Alcon furthermore reduced the full-year primary diluted income per discuss prediction, in order to $2. 20 to $2. 30, down from the $2. 35 to $2. 45 forecast in May. Interest expenses are expected to be higher, according to the particular company’s revenue statement. The particular previous forecast range was $200 million to $210 million, now adjusted upward to $210 million in order to $220 mil.

Alcon’s portfolio includes surgical devices for ophthalmologists along with contact lenses, dry-eye treatments and other vision-care products. This year, it agreed to acquire EYSUVIS, a pharmaceutical eye-drop, from Kala Pharmaceuticals Inc. in order to expand its dry-eye line.

That transaction cost $60 million, plus potential additional payments depending on how well EYSUVIS and another acquired eye-care product do.

Alcon shares are traded on the New York Stock Exchange under the ticker symbol ALC. The closing price Tuesday has been $75. 47.

In the particular last 52 weeks, Alcon has exchanged as high as $88. 78 and as low as $63. 92. The market value of the company, based on number of shares outstanding times the particular current cost, is $37 billion.

The company is based in Geneva, Switzerland, with a U. S. base within Fort Worth, Texas.

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