07.02.2024 22:41:32 - dpa-AFX: Coty Inc. Q2 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Coty Inc. (COTY) announced a profit for second
quarter that decreased from the same period last year but beat the Street
estimates.

The company's earnings totaled $177.6 million, or $0.20 per share. This
compares with $235.0 million, or $0.27 per share, in last year's second quarter.

Excluding items, Coty Inc. reported adjusted earnings of $229.1 million or $0.25
per share for the period.

Analysts on average had expected the company to earn $0.20 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 13.8% to $1.73 billion from $1.52
billion last year.

Coty Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $177.6 Mln. vs. $235.0 Mln. last year.
-EPS (Q2): $0.20 vs. $0.27 last year.
-Analyst Estimates: $0.20
-Revenue (Q2): $1.73 Bln vs. $1.52 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
COTY INC.CL.A DL -,01 A1WY6X Frankfurt 9,068 21.06.24 09:59:34 -0,073 -0,80% 0,000 0,000 9,068 9,068

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