Investing.com - EssilorLuxottica reported on Friday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
EssilorLuxottica announced earnings per share of €1.93 on revenue of €8.77B. Analysts polled by Investing.com anticipated EPS of €2.31 on revenue of €4.61B.
EssilorLuxottica shares are down 23% from the beginning of the year and are trading at €159.16 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 15.72% from the start of the year.
EssilorLuxottica follows other major Consumer Discretionary sector earnings this month
EssilorLuxottica's report follows an earnings beat by Louis Vuitton on Monday, who reported EPS of €7.4 on revenue of €14.71B, compared to forecasts EPS of €6.05 on revenue of €13.92B.
Hermes International had beat expectations on Friday with second quarter EPS of €11.19 on revenue of €2.15B, compared to forecast for EPS of €5.78 on revenue of €2B.
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