Coty matches 1Q net income expectations, tops revenue forecasts

MarketsAssociated Press

Coty Inc. (COTY) on Thursday reported fiscal first-quarter profit of $10.6 million.

The New York-based company said it had profit of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 28 cents per share.

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The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 28 cents per share.

The beauty products company posted revenue of $1.18 billion in the period, beating Street forecasts. Analysts expected $1.17 billion, according to Zacks.

Coty shares have risen 13 percent since the beginning of the year. The stock has increased 13 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. COTY stock research report from Zacks.

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Keywords:Coty,Earnings Report