Topic: Eyewear
"Safilo reported a 400,000 euro ($562 million) loss in the three months ending September, compared with a 50 million-euro loss a year earlier, the Padua, Italy-based, company said today in a statement. That beat the 11.2 million-euro loss average estimate of eight analysts on Bloomberg." That's the report that appeared on Bloomberg. "Sales rose almost 12 percent to 237.9 million euros, compared with the 230.3 million-euro estimate by 10 analysts in a Bloomberg survey. Sales gained almost 30 percent in Asia, 21.7 percent in the U.S., and 5.7 percent in Europe, Safilo said."
The reported increase in U.S. sales might hint at the beginning of a turnaround in the U.S. optical market.
