Alcon – Aggressive Growth – Zacks Rank Buy
Zacks Market Commentaries (March 3rd, 2010) Writes:
Company Description
Alcon is one of the world's leading suppliers of eye care products. The company has three operating segments: Pharmaceutical, which develops glaucoma products, ocular anti-infectives, and ocular allergy products, Surgical, which serves cataract market with its Infiniti vision system and AcrySof intraocular lenses, and Consumer Eye Care, which sells contact lens care products, artificial tears, and ocular vitamins.
Growth Story
Alcon's pharmaceutical and surgical segments continue to deliver steady revenue growth. In the fourth quarter, U.S. sales were up 10% thanks to improving demand for prescriptions and cataract procedures. International organic sales, driven by emerging markets, were up 7%.
In addition, Alcon's acquisition strategy should help drive long-term growth. The company continues to look for acquisitions that will expand its markets and its drug pipeline.
Alcon is also working to build out
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