Coty (COTY) Tops Q2 EPS by 2c

Coty (NYSE: COTY) reported Q2 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $2.51 billion versus the consensus estimate of $2.47 billion.

Outlook

As we focus on building a healthier business model, we anticipate a profit trend recovery in the second half of FY19. We expect that FY19 constant currency adjusted operating income will be moderately below FY18. We continue to expect positive free cash flow for FY19.

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

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