Luxottica Group SpA
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47.65-0.28 (-0.58%)
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Prev Close47.93
Bid47.58 x 200
Ask47.65 x 100
52wk Range46.67 - 74.00
Day's Range47.48 - 48.05
Avg Vol (3m)64,441
As of 11:55 AM EDT. NYSE Delayed Price. Market open.
  • Reuters20 hours ago

    Luxottica cuts 2016 outlook as U.S. weakness hits profit

    Italian eyewear group Luxottica cut its full-year outlook on Monday, blaming uncertain markets, after first-half adjusted operating profit fell 2.5 percent hit by weakness in North America, its biggest market. With global security threats clouding the outlook for tourism and consumer spending, Luxottica Chief Financial Officer Stefano Grassi said it was too early to say whether group forecasts for the next two years still stood. In a widely expected move, the maker of Ray Ban sunglasses said it now saw sales rising 2-3 percent at constant currencies this year - down from a previous 5-6 percent forecast.

  • Reuters23 hours ago

    Luxottica cuts 2016 guidance after operating profit dips in H1

    Italian eyewear group Luxottica cut its full-year outlook on Monday after reporting a 2.5 percent drop in adjusted operating profit in the first half due to weakness in its biggest market North America and poor weather. The maker of Ray Ban sunglasses said adjusted earnings before interest and tax (EBIT) came in at 857 million euros in the six months through June, above an average forecast of 845 million euros ($928 million) in a consensus of six analysts compiled by Reuters. Adjusted revenues totalled 4.72 billion euros, just ahead of a 4.73 billion euro forecast and down 0.7 percent from a year earlier.