UPDATE 1-Swiss eye care firm Alcon's quarterly revenue rises less than expected

AltC Acquisition Corp. (formerly Churchill Capital Corp. VIII)

AltC Acquisition Corp. (formerly Churchill Capital Corp. VIII)

ALCC

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Adds shares and details on implantables

By Simon Ferdinand Eibach

- Swiss-American eye care company Alcon ALCC.S reported a 10% rise in its quarterly revenue, citing recent product launches as main drivers.

  • Alcon's net sales rose to $2.69 billion in the first quarter of 2026, from $2.45 reported a year earlier

  • Sales missed $2.71 billion estimates by analysts polled by LSEG with net sales in the implantables segment almost stagnant due to competitive pressures

  • Shares of Alcon opened down 4.67% at 0700 GMT with Vontobel analysts pointing to soft cataract markets

  • Alcon's operating earnings amounted to $292 million in the first quarter, falling 32% from a year earlier

  • The company hiked its full-year guidance for diluted earnings per shares growth to 10%-13% from 9%-12% as it announced a $1.5 billion share repurchase program with a plan to cancel the acquired shares

  • Alcon launched 10 new products in the first quarter of 2026, including Clareon TruPlus IOL, the next generation of monofocal and toric lenses for cataract surgery