Coty Inc (COTY) Releases Earnings Results, Beats Expectations By $0.07 EPS

Coty Inc (COTY) reported quarterly earnings results on Tuesday, Aug-16-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.06. The company posted revenue of $1075.60 million in the period, compared to analysts expectations of $1050.32 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Coty Inc opened for trading at $28.84 and hit $30.129 on the upside on Monday, eventually ending the session at $29.75, with a gain of 2.69% or 0.78 points. The heightened volatility saw the trading volume jump to 15,26,341 shares. Company has a market cap of $10,088 M.

In a different news, on Jul 13, 2016, Sebastien Froidefond (SVP of Human Resources) sold 3,983 shares at $27.02 per share price. According to the SEC, on Dec 10, 2015, Robert S Singer (director) sold 8,335 shares at $27.15 per share price. On Nov 24, 2015, Mario Reis (EVP, Supply Chain) purchased 10,000 shares at $28.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of men’s and women’s products and include fashion designer celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics consisting of lip eye and other facial color products. Skin & Body Care products include shower gels deodorants skin care and sun treatment products. The Company’s top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.

Coty Inc

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