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.
Keywords: Coty, Earnings Report