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Coty beats 4Q earnings and revenue expectations


NEW YORK — 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.

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.


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


Keywords: Coty, Earnings Report

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