EssilorLuxottica shares slip after missing Q3 revenue estimates across regions By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
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Source: Investing.com
EssilorLuxottica's Q3 Performance: The company's shares fell after reporting third-quarter revenues of €6.44 billion, which were 2% below analysts' expectations, with growth in key regions like Asia-Pacific and North America significantly underperforming forecasts.
Concerns Over Future Outlook: Analysts expressed worries about EssilorLuxottica's near-term prospects despite the company maintaining its long-term revenue target of €27-28 billion, highlighting challenges in achieving optimistic consensus estimates for the upcoming quarter.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
