Coty beats 4Q earnings and revenue expectations

StocksAssociated Press

Coty Inc. (COTY) on Thursday reported fiscal fourth-quarter net income of $21 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share.

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The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The beauty products company posted revenue of $1.02 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.01 billion.

For the year, the company reported net income of $232.5 million, or 64 cents per share, swinging to a profit in the period. Revenue was reported as $4.4 billion.

Coty shares have climbed 39 percent since the beginning of the year. The stock has risen 63 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COTY at http://www.zacks.com/ap/COTY

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Keywords: Coty, Earnings Report