10 Stocks Crash as AI Glow Fades

3. Alcon Inc. (NYSE:ALC)

Shares of Alcon Inc. snapped a six-day winning streak on Wednesday, losing 10.07 percent to close at $81.04 apiece as investor sentiment was dampened by a dismal earnings performance and a weaker outlook for full-year 2025.

In its updated report, Alcon Inc. (NYSE:ALC) said net income attributable to shareholders fell by 21 percent to $176 million from $223 million in the same period last year. Revenues grew by 3.8 percent to $2.577 billion from $2.482 billion year-on-year.

In the first half, attributable net income grew by 11.7 percent to $526 million from $471 million year-on-year, while revenues inched up by 2 percent to $5.03 billion from $4.9 billion in the same comparable period.

Looking ahead, Alcon Inc. (NYSE:ALC) lowered its net sales outlook for the full 2025 period, now between $10.3 billion and $10.4 billion, versus the $10.4 billion to $10.5 billion as expected previously. This would translate to a 4 to 5 percent growth year-on-year, as compared with the 6 to 7 percent expected previously.

According to Alcon Inc. (NYSE:ALC), the outlook assumes a full-year gross tariff impact of approximately $100 million, which is expected to pressure the cost of net sales.