NEW YORK (AP) — NEW YORK (AP) — Coty Inc. (COTY) on Tuesday reported fiscal third-quarter earnings of $108.4 million.
The New York-based company said it had net income of 12 cents per share. Earnings, adjusted for non-recurring costs, were 19 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The beauty products company posted revenue of $1.29 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.22 billion.
Coty expects full-year earnings in the range of 52 cents to 53 cents per share.
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