RTTNews | May 5, 2021 11:41AM EDT

11:40 Wednesday, May 5, 2021 (RTTNews.com) - Shares of eye care products company Alcon Inc. (ALC) are slipping 6 percent on Wednesday's trading despite the company turning to profit in the first quarter, helped by increased revenues.

The company posted first-quarter net income of $84 million or $0.17 per share, compared to net loss of $57 million or $0.12 per share in the prior-year quarter.

Alcon's core earnings per share climbed to $0.49 from $0.45 a year ago. Quarterly sales rose 5 percent to $1.9 billion from $1.8 billion in the same period last year. The stock is currently trading at $70.00, down $4.50 or 6 percent on the NYSE.

ALC has traded between $51.06 and $76.53 in the last 52 weeks.

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