03:03 PM EDT, 08/20/2025 (MT Newswires) -- Alcon ( ALC ) missed Q2 revenue consensus due to softer market conditions and reported earnings-per-share beat on lower tax rate, while its contact lens market share was likely up in the quarter, Needham said in a Wednesday note.

The eyecare company on late Tuesday posted Q2 revenue of $2.58 billion on core EPS of $0.76, versus respective estimates of $2.62 billion and $0.72 by analysts polled by FactSet.

Needham estimates Alcon's ( ALC ) contact lens market share in Q2 grew 50 basis points on an annual basis to 26.3%.

Alcon ( ALC ) lowered its 2025 revenue guidance to $10.3 billion to $10.4 billion from $10.4 billion to $10.5 billion due to lower market growth assumptions and reaffirmed its EPS guidance of $3.05 to $3.15 due to a more favorable tax assumption, Needham said.

Needham maintained its buy rating on the stock with a price target of $107.

Shares of Alcon ( ALC ) fell 9.5% in recent Wednesday trading.

Price: 81.58, Change: -8.54, Percent Change: -9.47