https://www.investing.com/news/pro/ubs-downgrades-essilorluxottica-sa-to-neutral-432SI-3024704

EssilorLuxoticca''s business model is great, and the company is in good hands. But read why investors don''t want to chase the stock.

Meta''s chief technology officer reportedly told employees it''s not making a second Quest Pro headset. The $1,499 Quest Pro headset has received poor reviews and sales, and was costly for Meta to make. However, Meta is reportedly still moving forward with other headsets and smart glasses into 2027. Meta''s chief technology officer reportedly told employees the company is not planning to make a second Quest Pro headset. Andrew ''Boz'' Bosworth announced Meta''s decision to not continue with its planned second-generation Quest Pro virtual-reality headset at the company''s road map presentation, Alex Heath of The Verge reported in his Command Line newsletter. The company''s $1,499 Quest Pro has received mixed to poor reviews and disappointing sales, and was costly for Meta to develop along with its other headsets. The company''s Reality Labs division saw a $13.7 billion loss in 2022, according to its fourth-quarter financial results. However, Meta''s Quest 2, which is more affordable than the Quest Pro, has done "quite well," according to CEO Mark Zuckerberg.

EssilorLuxottica engages in design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses. Read my earnings analysis of ESLOF stock.

EssilorLuxottica is my latest foray into the consumer Discretionary segment, namely in the industry of Eyewear and eye care. See why the stock is a Buy now.

The company will also contribute to the $14 billion investment required to eliminate uncorrected poor vision by 2050, although the exact amount has not been disclosed.

EssilorLuxottica Société anonyme (OTCPK:ESLOF) Q4 2022 Earnings Conference Call February 23, 2023 4:30 AM ETCompany ParticipantsGiorgio Iannella - Head of Investor RelationsFrancesco…

The following slide deck was published by EssilorLuxottica Société anonyme in conjunction with their 2022 Q4 earnings call.

(Reuters) -Luxury eyewear maker EssilorLuxottica on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China declined because of COVID-19 restrictions.

EssilorLuxottica Société anonyme press release (ESLOF): FY Revenue of €24.49B (+23.6% Y/Y).Net profit significantly increased to €2,281 million from €1,598 million reported in 2021, as…

Luxury eyewear maker EssilorLuxottica on Thursday reported a rise in fourth-quarter revenues, citing sound growth amid a challenging environment, but its performance in China declined because of COVID-19 restrictions.

The Franco-Italian eyecare major reported 2022 sales of 24.49 billion euros ($25.98 billion), versus expectations of EUR24.62 billion.

FY 2022 Results

MILAN (Reuters) – Italian fashion group Prada said on Friday it appointed former Luxottica chief Andrea Guerra as its new chief executive officer, taking the place of Patrizio Bertelli and Miuccia Prada as planned.