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Alcon predicts higher gross profit margin for Q2

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HÜNENBERG, Switzerland — Second quarter diluted earnings per share should be in the $0.94 to $0.96 range for Alcon, according to a company financial release. The range includes a favorable impact related to tax items already announced; excluding that tax benefit, diluted earnings should be in the $0.76 to $0.78 range, the company said.

According to the release, the projected earnings range reflects “the expectation of a higher gross profit margin, due in part to favorable currency factors and product mix.” The company also attributed savings to its decision to move its contact lens manufacturing from Madrid, Spain, to Fort Worth, Texas.

Full second quarter results and revised full year earnings will be reported by the company on July 29.