Reported 3 days ago
EssilorLuxottica, the maker of Ray-Ban, saw its shares rise 14% to an all-time high after reporting a stronger-than-expected third-quarter sales growth of 11.7%, reaching €6.9 billion. This surge in market value, adding almost $20 billion, is largely attributed to the growing demand for its AI-powered Ray-Ban Meta glasses, which have become a key focus for investors and analysts. With forecasts predicting significant future sales in the smart glasses segment, the company plans to accelerate production to meet demand.
Source: YAHOO