Coty: Fiscal 1Q Earnings Snapshot
NEW YORK (AP) _ Coty Inc. (COTY) on Wednesday reported fiscal first-quarter net income of $52.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 7 cents.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The beauty products company posted revenue of $1.94 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.98 billion.
Coty shares have risen 75% since the beginning of the year. The stock has risen nearly 4% in the last 12 months.