EssilorLuxottica SA posted revenue that beat analysts’ estimates in the third quarter, lifted by a new batch of AI glasses with partner Meta Platforms Inc.
Sales increased 11.7% at constant exchange rates to €6.87 billion ($8.02 billion), according to a statement Thursday. That beat the average estimate for 8.5% growth from analysts tracked by Bloomberg.
The world’s largest eyewear group got a boost from sales of wearable technology, which posted “exponential growth,” the company said. Investors are closely watching for signs that EssilorLuxottica’s high-profile partnership with Meta can deliver on lofty expectations.
The quarterly sales figures suggest the category is gaining momentum. In September, the company unveiled its latest Ray-Ban Meta and Oakley Meta glasses. That helped