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.
