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Coty Inc. (COTY) Beats on Q1 Earnings & Revenues Estimates

Zacks

Coty Inc. COTY manufactures, markets and distributes beauty products reported first-quarter fiscal 2018 results, wherein adjusted earnings of 10 cents surpassed the Zacks Consensus Estimate of 7 cents but declined 57% year over year.

Earnings Estimates Revision: The Zacks Consensus Estimate for fiscal 2018 has been stable over the past 30 days. However, in the trailing four quarters, excluding quarter under review, the company’s earnings have missed the Zacks Consensus Estimate by an average of nearly 27.7%.

Revenue: COTY posted revenues of $2,238.3 million, beating consensus mark of $2,224 million. The company’s revenues increased more than 100% in the reported quarter primarily due to P&G Beauty Business acquisition.

Zacks Rank: Currently, COTY carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


Check back later for our full write up on this COTY earnings report later!

Coty Inc. Price, Consensus and EPS Surprise

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