Company Earnings UpdateLuxottica (BIT: LUX) FY16 Results: Operating Profits Decline, But EPS Beats Expectations Coresight Research March 2, 2017 Executive Summary Italian eyewear manufacturer Luxottica reported FY16 adjusted EPS of €1.84, up 3.4% year over year and ahead of the consensus estimate of €1.80. A 1.1% decline in gross profit was partially offset by a 0.8% decline in operating costs. Exceptional costs contributed to a 2.3% decline in operating profit. Net sales, which had already been reported, climbed by 2.8% in FY16. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Test post for search
