Court Finalizes Nikon’s Acquisition of Optos

By Staff
Monday, May 25, 2015 12:23 AM TOKYO—An Edinburgh, Scotland court on Friday finalized Nikon Corp.’s (T:7731) acquisition of Optos, (L:OPTS), the Scotland-based retinal imaging company, according to an announcement issued by RNS, the company news service from the London Stock Exchange.

Leonardo Del Vecchio Gifts Luxottica’s Italy Employees Shares to Celebrate Birthday

By Staff
Wednesday, May 20, 2015 12:23 AM MILAN—Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX) has announced the gifting of free treasury shares of the company to the group’s employees in Italy in honor of founder and chairman Leonardo Del Vecchio’s 80th birthday.

Second Sight Reports Strong First Quarter Results

By Staff
Friday, May 15, 2015 12:23 AM SYLMAR, Calif.—Second Sight Medical Products, Inc. (NASDAQ:EYES) reported $1.7 million of revenue for the first quarter of 2015 which ended March 31, 2015, up 159 percent compared with $0.7 million in the first quarter of 2014. The increase was primarily due to a higher number of implanted Argus II retinal prostheses in the first quarter of 2015 when compared to the year-ago quarter, the company said.

Strong Sales of Eyeglass Lenses Help Lift Hoya’s 4Q and Year-End Revenue

By Staff
Wednesday, May 13, 2015 12:29 AM TOKYO—Strong sales of eyeglass lenses and electronics-related products boosted revenues for Hoya Corp.  (TOKYO: 7741) to 127,440 million yen for the fourth quarter ended March 31, 2015, a 10.6 percent increase over the same period last year.

Actavis Reports Revenues Reach $4.23 Billion

By Staff
Wednesday, May 13, 2015 12:26 AM DUBLIN, Ireland—Actavis plc (NYSE: ACT) reported a 59 percent leap in net revenues of $4.23 billion for the quarter ended March 31, compared to $2.66 billion in the first quarter 2014, which included $258 million in revenue from Allergan, as of the close of that acquisition of March 17, 2015.

DeRigo Group Confirms 2014 Full Year Results

By Staff
Wednesday, May 13, 2015 12:23 AM LONGARONE, Italy—The board of directors of De Rigo Group (NYSE: DER) have approved the full year 2014 financial results of the company, which close positively for the De Rigo Group, with growth in turnover, earnings and positive net financial position, the company said.

Spy Reports Q1 2015 Financial Results

By Staff
Monday, May 11, 2015 12:23 AM CARLSBAD, Calif.—SPY Inc. (OTCBB: XSPY) have announced their financial results for the three months ended March 31, 2015.

The Power Practice’s Alan Homestead on May 13 ‘Power Hour’

By Staff
Monday, May 11, 2015 12:18 AM FRANKLIN LAKES, N.J.—Alan Homestead, OD, director of billing and coding for the Power Practice is set to join the May 13 edition of the “Power Hour.” He will be taking calls and separating fact from fiction regarding how to prepare for ICD 10. Additionally, Homestead will discuss common billing and coding myths.

Alcon’s Net Sales Rose 5 Percent in Q1 ’15

By Staff
Friday, May 08, 2015 12:26 AM FORT WORTH, Texas—Novartis’ (NYSE: NVS)  Alcon division posted net sales of $2.6 billion for first quarter ending March 31, 2015, a 5 percent increase in constant currency over year ago.

New Stores Boost New Look Eyewear’s 1Q Revenues

By Staff
Friday, May 08, 2015 12:23 AM MONTREAL—Canadian optical retailer New Look Eyewear Inc. (TSX: BCI)  reported record revenues of $41.8 million for the first quarter ended March 28. 2015, an increase of 31.4 percent over the year ago period.

Luxottica to Grow in Emerging Markets and Will Invest €1B in Retail

By Staff
Monday, May 04, 2015 1:12 PM MILAN— Luxottica Group S.p.A. outlined strategic priorities, including growing share in emerging markets, expanding the brand portfolio and strengthening retail and e-commerce.

Valeant Releases Q1 Revenue Showing a 16 Percent Increase

By Staff
Friday, May 01, 2015 12:26 AM LAVAL, Quebec—Valeant Pharmaceuticals, Inc. (NYSE/TSX: VRX) reported its total revenue for the first fiscal quarter ended March 31, 2015 was $2.2 billion, up 16 percent compared to the first quarter of 2014. Net income for Q1 was 74.5 million as compared to a loss of 20.3 million for the same period in 2014.

Luxury Optical Holdings Credit Facility Increased

By Staff
Friday, May 01, 2015 12:23 AM LAS VEGAS—Chicago-based Monroe Capital LLC announced yesterday that it has increased the credit facility to Luxury Optical Holdings (LOH), a group of high-end optical retail shops based here with locations throughout the U.S. LOH’s retail brands include Morgenthal Frederics, Robert Marc, Scene, Davante, Leonard Opticians and others.

Safilo Approves Q1 2015 Financial Results, Appoints New Board Members

By Staff
Wednesday, April 29, 2015 12:23 AM PADUA, Italy—The board of directors of Safilo Group S.p.A. (SFLG.MI) has approved the results of the first quarter of 2015, ended March 31. At the same meeting, the board also appointed its new board of directors.

Essilor Posts 25.4 Percent Revenue Increase in Q1 ’15, Confirms 2015 Outlook

By Staff
Wednesday, April 22, 2015 12:23 AM CHARENTON-LE-PONT, France—Essilor International posted consolidated revenue for the first quarter of 2015 totaling €1,659 million, an increase of 25.4 percent over year ago, or 12.8 percent excluding the currency effect.
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