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29.07.26 - 18:48
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EssilorLuxottica′s AI Smart Glasses Revenue Nearly Doubles On Ray-Ban, Oakley Demand (ZeroHedge)
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EssilorLuxottica's AI Smart Glasses Revenue Nearly Doubles On Ray-Ban, Oakley Demand
EssilorLuxottica shares rose as much as 4.5% in Paris before reversing course and falling 2%. The eyewear maker reported better-than-expected first-half profit margins, while revenue from its AI smart glasses nearly doubled in the second quarter, easing investor concerns over rising competition and component costs.
The Ray-Ban owner, which partners with Meta on smart glasses, reported a 13% increase in first-half adjusted profit to 1.9 billion euros, while its operating margin reached 18.6%, above the analyst estimate of 16.3%. Second-quarter revenue rose 8.7% at constant exchange rates to 7.69 billion euros, missing expectations due to weaker growth in North America.
Wall Street analysts called management's tone on the earnings call earlier today "optimistic" and "encouraging."
CFO Stefano Grassi noted, "There are good reasons to see a good trajectory on gross margin also for the second half." He told analy...
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22.04.26 - 19:12
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EssilorLuxottica Q1 Revenues Up 10.8% (AFX)
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PARIS (dpa-AFX) - EssilorLuxottica (ESLOY.PK, ESLOF.PK, EL.PA, ESL.DE) on Wednesday announced that consolidated revenue for the first quarter of 2026 reached 7,127 million euros, representing a ye......
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