NEW YORK — Coty Inc. (COTY) on Thursday reported fiscal third-quarter net income of $75.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had net income of 21 cents. Earnings, adjusted for non-recurring gains, came to 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The beauty products company posted revenue of $933.8 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $927.2 million.
Coty expects full-year earnings in the range of 95 cents to 98 cents per share.
Coty shares have climbed 17 percent since the beginning of the year. The stock has risen 53 percent in the last 12 months.
Keywords: Coty, Earnings Report
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