Coty beats 2Q profit expectations, misses revenue forecasts

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NEW YORK — Coty Inc. (COTY) on Thursday reported fiscal second-quarter profit of $125.4 million.

The New York-based company said it had profit of 35 cents per share. Earnings, adjusted for pretax expenses and non-recurring costs, were 45 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The beauty products company posted revenue of $1.26 billion in the period, which fell short of Street forecasts. Analysts expected $1.28 billion, according to Zacks.

Coty shares have declined slightly more than 8 percent since the beginning of the year. The stock has climbed 41 percent in the last 12 months.

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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

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Keywords: Coty, Earnings Report

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