UPDATE: Coty FQ1 Profit Rises 7.8%
Coty (NYSE: COTY) reported a 7.8% rise in its fiscal first-quarter profit.
Coty's quarterly profit surged to $93.5 million, or $0.24 per share, versus a year-ago profit of $86.7 million, or $0.22 per share. Excluding one-time items, it earned $0.28 per share.
Its revenue declined 2.9% to $1.18 billion. However, analysts were expecting a profit of $0.29 per share on revenue of $1.2 billion.
Coty shares closed at $15.40 yesterday.
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