EssilorLuxottica seen up after Q3 beat

EssilorLuxottica SA

Wed 07:40

** Shares in EssilorLuxottica ESLX.PA are seen up between 4% and 8% after the world's largest eyewear company beat third-quarter revenue estimates
** Q3 revenue rises to €7.49 billion, ahead of the analysts' average forecast of €7.36 billion in a consensus poll by Visible Alpha
** EssilorLuxottica's traditional business remains healthier than expected, says Bernstein
** "This print is a strong reminder of the quality business EssilorLuxottica remains, showing solid execution on the core while exploring new routes via innovation," says J.P. Morgan
** EssilorLuxottica's stock is down 44% YTD as of Tuesday's close

 (Reporting by Gianluca Lo Nostro)
 ((gianluca.lonostro@thomsonreuters.com;))