EssilorLuxottica Slump Puts Earnings Heat on Meta Glasses Maker
Meta Ray-Ban AI glasses.
Photographer: David Paul Morris/BloombergA slide in EssilorLuxottica SA shares has raised the stakes ahead of Wednesday’s results from the Ray-Ban maker, signaling concern that margin pressures may blur a growth story amplified by smart glasses.
The stock has dropped about 22% from November’s record high, with the recent decline creating its largest-ever gap to consensus price targets in absolute euro terms.