Coty (COTY) Tops Q3 EPS by 1c, Revenues Beat

Coty (NYSE: COTY) reported Q3 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $2.17 billion.

Third Quarter Fiscal 2018 Summary

• Net revenues of $2,222.7 million increased 9.4% as reported compared to the prior year and increased 3.4% at constant currency
• Excluding the contribution from the acquisitions of Burberry and one month of Younique, organic net revenues increased 0.2% on a constant currency basis
• Reported operating income of $19.9 million increased from a loss of $(192.5) million
• Adjusted operating income of $227.8 million increased 9.4% from $208.3 million
• Reported net loss of $(77.0) million decreased from $(164.2) million, and adjusted net income of $96.2 million decreased from $110.3 million
• Reported earnings per diluted share of $(0.10) increased from $(0.22) and adjusted earnings per diluted share of $0.13 decreased from $0.15
• Net cash from operating activities was $(118.9) million compared to $43.3 million in the prior year

For earnings history and earnings-related data on Coty (COTY) click here.

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