EssilorLuxottica Stock Jumps as Quarterly Revenue Growth Exceeds Expectations
The Franco-Italian eyewear giant EssilorLuxottica saw its stock price climb significantly following an impressive third-quarter earnings report. Revenue accelerated beyond analyst projections, reaching €6.87 billion with 12% organic growth. This performance represents the company’s strongest quarterly result since its formation in 2018.
Eyewear Giant Exceeds Market Expectations
Shares of EssilorLuxottica experienced significant gains after the company reported quarterly revenue that surpassed analyst forecasts, according to reports. The Franco-Italian eyewear manufacturer, known for brands including Ray-Ban, posted a 12% increase in third-quarter revenue when excluding currency movements, reaching €6.87 billion ($8.03 billion). Sources indicate this represents the company’s strongest quarterly performance since the group’s creation in 2018.