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EssilorLuxottica falls as first-half revenue misses estimates
['Senad Karaahmetovic', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investing.com -- EssilorLuxottica (EPA:EL) reported second-quarter revenue growth that fell short of analyst expectations, despite posting solid profitability gains.
The eyewear giant's first-half revenue reached €14.82 billion, missing the analyst consensus of €14.91 billion.
Second-quarter revenue grew 8.7% at constant exchange rates, below the estimated 10.1% growth.
Second-quarter revenue totaled €7.69 billion, up 7.2% YoY on a reported basis.
On revenue, management said July started strongly and expressed confidence in further growth during the second half.