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Benzinga
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La-Z-Boy Posts Downbeat Q1 Results, Joins James Hardie Industries, Alcon And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

1. Alcon Inc. ALC fell 12.3% in pre-market trading. 2. The decline followed a reduction in FY25 sales guidance. 3. Challenging economic conditions impact investor sentiment. 4. Negative results from peers could influence ALC outlook. 5. Overall market shows slight bearish trends.

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FAQ

Why Bearish?

ALC's significant drop in pre-market trading indicates market disappointment in guidance, akin to previous downturns following negative forecasts in healthcare stocks.

How important is it?

The cut in sales guidance directly affects ALC's revenue expectations, impacting investor confidence and stock performance.

Why Short Term?

Immediate market reaction to sales guidance and peer performance affects ALC narrowly, but long-term fundamentals remain intact.

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