EssilorLuxottica Tries Soothe Nerves After Revenue Misses Forecasts -- Market Talk

Dow Jones

2024/10/18

0708 GMT - Executives at Ray-Ban maker EssilorLuxottica were keen to present third-quarter results as a blip rather than a trend, guiding for faster growth in the fourth quarter after missing expectations in the third, Bernstein analysts say in a note to clients. "Near-term expectations will likely be raised after these messages--it is now up to management to deliver, particularly with valuation above recent averages," the analysts say. The European eyewear group's organic revenue growth fell short of consensus expectations in the third quarter, but it still expects margin improvement to accelerate this year, Bernstein says. Shares fall 2%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

October 18, 2024 03:08 ET (07:08 GMT)

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The European eyewear group's organic revenue growth fell short of consensus expectations in the third quarter, but it still expects margin improvement to accelerate this year, Bernstein says. Shares fall 2%. 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The European eyewear group's organic revenue growth fell short of consensus expectations in the third quarter, but it still expects margin improvement to accelerate this year, Bernstein says. Shares fall 2%. (adria.calatayud@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 18, 2024 03:08 ET (07:08 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ESLOY","symbol_name":"EssilorLuxottica","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2476420589","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476420589","pubTimestamp":1729235280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0708 GMT - Executives at Ray-Ban maker EssilorLuxottica were keen to present third-quarter results as a blip rather than a trend, guiding for faster growth in the fourth quarter after missing expectations in the third, Bernstein analysts say in a note to clients. \"Near-term expectations will likely be raised after these messages--it is now up to management to deliver, particularly with valuation above recent averages,\" the analysts say. 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The European eyewear group's organic revenue growth fell short of consensus expectations in the third quarter, but it still expects margin improvement to accelerate this year, Bernstein says. Shares fall 2%. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 18, 2024 03:08 ET (07:08 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}