NEWS FLASH! Luxottica stock soars as Q1 profits drop ONLY 22.5%!
Posted on May 13, 2009
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Luxottica surprises analysts with an amazing quarter in which it’s profits dropped only 22.5% compared to the 41% that was predicted.
Cost cutting (read about the salary cuts over at our friends at EyeOverheard) was said to be an important factor in these fantastic quarterly results.
€80 Million in revenue for the quarter tells me there is still a whole lot of stupid out there.
Read more here (via Reuters).
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