Alcon Swung to 3Q Net Profit on Higher Sales

By Cecilia Butini

Swiss eye-care company Alcon Inc. on Wednesday posted a swing to profit for the third quarter on higher sales.

The company said net profit was $2 million, up from a net loss of $147 million a year earlier, on sales that grew to $2.08 billion from $1.82 billion.

Operating income was $20 million, compared with an operating loss of $129 million a year earlier, Alcon said.

The company said that its Surgical and Vision Care franchises benefited from improvements in the eye-care market, among other factors, and that was led by continued strength in the U.S. Internationally, recovery from the pandemic took place at varied paces, according to Alcon.

Write to Cecilia Butini at [e-mail]

(END) Dow Jones Newswires

11-10-21 0248ET