Investing.com - EssilorLuxottica reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
EssilorLuxottica announced earnings per share of €1.35 on revenue of €5.58B. Analysts polled by Investing.com anticipated EPS of €2.12 on revenue of €4.39B.
EssilorLuxottica shares are down 18% from the beginning of the year and are trading at €152.14 , down-from-52-week-high.They are under-performing the CAC 40 which is down 12.48% from the start of the year.
EssilorLuxottica follows other major Consumer Discretionary sector earnings this month
EssilorLuxottica's report follows an earnings beat by Kering on February 17, who reported EPS of €13.86 on revenue of €5.41B, compared to forecasts EPS of €13.47 on revenue of €4.85B.
Michelin had missed expectations on February 14 with fourth quarter EPS of €4.54 on revenue of €6.59B, compared to forecast for EPS of €5.58 on revenue of €6.08B.
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