Categories: Business

Shares of Ray-Ban maker EssilorLuxottica soar after Meta AI glasses drive revenue beat

(Reuters) -Shares of Ray-Ban maker EssilorLuxottica surged more than 9% in early trading on Friday after the Franco-Italian group reported better than expected quarterly revenue a day earlier, helped by strong demand for its Meta AI glasses. The eyewear giant's stock exceeded 300 euros per share in early Paris trading, its highest price ever. (Reporting by Gianluca Lo Nostro; Editing by Milla Nissi-Prussak)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

EUROPE POWER-Surge in wind output to weigh on Monday spot prices

PARIS, Oct 17 (Reuters) - A strong rise in regional wind power supply is expected…

11 minutes ago

US says India halves Russian oil imports, sources say no cuts seen

By Jarrett Renshaw and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) -India has halved its purchases of…

29 minutes ago

South Korea kicks off arms fair to showcase unmanned, AI weapons

By Josh Smith SEONGNAM, South Korea (Reuters) -South Korea kicked off its largest-ever arms fair…

41 minutes ago

UPDATE 1-China's fiscal revenue picks up pace, officials vow early 2026 bond sales

(Adds September fiscal revenue growth, economic context) BEIJING, Oct 17 (Reuters) - China's September fiscal…

46 minutes ago

Factbox-Pharma companies announce direct-to-consumer sales and price cuts in US

(Reuters) -Several pharmaceutical companies have said they will sell drugs direct to patients in the…

51 minutes ago

In China, global companies struggle as home-grown brands steal thunder

By Helen Reid, Mimosa Spencer and Alexander Marrow LONDON/PARIS/AMSTERDAM (Reuters) -For many companies, business in…

1 hour ago