EssilorLuxottica (ESLOY, $79.19) posts +17% jump in Q3 revenue

EssilorLuxottica SA posted third quarter revenue of 6.39 billion euros ($6.25 billion), which is +17% higher (+8.2% at constant currency rates). The figure is in line with analysts' expectations (based on FactSet poll).

The luxury eyecare company’s revenue from North America rose +20.5% (+3.4% at constant currency rates) from the year-ago quarter, while those from EMEA were up +7.6% year-over-year (+9.2% year-over-year). Latin America sales grew +25.5% year-over-year (+12.6% at constant currency rates) , and Asia-Pacific registered +31.7% year-over-year (+22.7% at constant currency rates).

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.