EssilorLuxottica

European markets rose, driven by positive tech sentiment after strong quarterly results from SpaceX; the EuroStoxx 50 climbed 1.4 percent. EssilorLuxottica benefited with a 15.5 percent gain after unexpectedly strong growth in the third quarter, mainly thanks to traditional eyeglass sales. SAP rose 3.5 percent ahead of its own results, while Carrefour and Michelin fell sharply. » More on finanzen.net

European stocks closed with modest gains, driven by international cues, despite continued pressure from high oil prices. EssilorLuxottica rose almost 14% after better-than-expected third-quarter sales, while Carrefour fell more than 14% after cutting its forecast because of unrest in France. Other individual stocks such as Randstad and Adecco reacted strongly to quarterly results, Michelin fell sharply, and Iberdrola raised its profit target again. » More on finanzen.net

The eyewear group EssilorLuxottica reported Q3 revenue growth of 7.2% at constant exchange rates to nearly €7.5 billion, well above the expected 6.3%. On a current exchange rate basis, growth was 9.0%. The smart glasses business and all regions contributed to the revenue increase. » More on finanzen.net

The 31-year-old heir Leonardo Maria Del Vecchio reveals on a podcast a benzodiazepine addiction, blames his late father for it, and admits to nearly €1 billion in debts. His share of the EssilorLuxottica group, counted as part of the family fortune, is hard to sell because of the voting-rights clauses of holding company Delfin, leaving him short of liquidity. Due to the financial situation he said he will have to sell one of his superyachts; the family dispute over control and sale of the stakes is in court. » More on n-tv.de

EssilorLuxottica introduced the Nuance Audio Plus, an updated version of its FDA-cleared smart glasses that double as over-the-counter hearing aids. The Plus model adds stronger audio amplification and speech clarity in noisy environments, extra on-frame controls, two listening modes via a companion app, and up to 10 hours of battery life. Available in three frame styles and five colors, pricing starts at $829, with higher cost for prescription lenses; the original Nuance Audio line remains available from $699. » More on theverge.com