EssilorLuxottica Jumps 11% as Wearables Sales Power Q3 Beat

EssilorLuxottica, the French-Italian group behind Ray-Ban and Oakley, saw its stock leap 11% after reporting third-quarter revenue that beat Wall Street forecasts. The company pointed to growing sales of its wearable devices, including smart glasses developed with Meta, as a factor behind the outperformance. The jump matters because it shows a legacy eyewear and lens manufacturer successfully diversifying into consumer electronics, a category investors have watched closely since the Ray-Ban Meta glasses launch gained traction. A double-digit single-day move of this size is unusual for a company of EssilorLuxottica's size and signals the market was positioned for a weaker print. What remains unresolved is whether wearables can sustain this pace of growth into 2027 as competition in smart eyewear increases, or whether the quarter reflects a temporary boost from new product launches.