Alcon falls after posting 'weak' Q2 sales
** Shares in Swiss eye care company AlconALCC.S are seen down 3.1% in Julius Baer premarket after the group reported on Tuesday Q2 results below expectations
** Analysts from Vontobel and BTIG also point to weaker than anticipated top line growth in the quarter
** Q2 net sales rose to $2.48 billion, 2% below analysts' average forecast of $2.53 billion, according to LSEG data
** The company profitability saw $30 million negative impact from significantly higher inventory provisions in Vision Care, resulting in Core operating margin of 19.8% (compared to 19.9% in Q2 2023)
** "The shares have bounced broadly in line with the wider market after the recent sell-off and we don't think these are good enough to push the shares on further,", J.P. Morgan says
** "We see the shares off LSD-MSD in the near term," JPM adds
Reporting by Amir Orusov and Anastasiia Kozlova
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