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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

20.80USD
21 Feb 2018
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$-0.39 (-1.84%)
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Thu, Feb 8 2018

Coty shares sparkle as profit beats on newly acquired brands

Beauty products maker Coty Inc reported quarterly results on Thursday that beat analysts' estimates, driven by strong demand for its recently acquired makeup and hair styling appliance brands, sending its shares up 12 percent.

UPDATE 3-Coty shares sparkle as profit beats on newly acquired brands

* Shares rise as much as 16 pct (Updates share price, adds CFO quote, details from conf call)

BRIEF-Coty Inc Posts Q2 Adjusted Earnings Per Share $0.32

* QTRLY NET REVENUES OF $2,637.6 MILLION INCREASED 14.8% AS REPORTED COMPARED TO PRIOR YEAR

Coty profit more than doubles on luxury fragrances, makeup demand

Feb 8 U.S. beauty products maker Coty Inc reported a net profit that more than doubled, driven by strong demand for Tiffany & Co and Gucci Bloom fragrances, as well as for makeup brand Younique.

CORRECTED-UPDATE 1-P&G profit falls on beauty brands sale, tax charge

Jan 23 Procter & Gamble Co reported a 68 percent drop in quarterly profit on Tuesday, due to the sale of a chunk of its beauty brands to Coty Inc last fiscal year and a charge related to the recent U.S. tax overhaul.

P&G profit falls due to sale of beauty business, tax charge

Jan 23 Procter & Gamble Co on Tuesday reported a 68 percent drop in quarterly profit, due to the sale of its beauty brands to Coty Inc and a charge related to the recent U.S. tax overhaul.

Europe's top court says Coty can impose online sales ban

BRUSSELS, Dec 6 U.S. cosmetics company Coty can block retailers from selling their products on online platforms, Europe's top court said on Wednesday.

Coty profit beats on demand for brands aimed at younger consumers

Beauty products maker Coty Inc posted a quarterly profit on Thursday that beat Wall Street estimates, selling more products geared toward millennials and making progress folding in newly-acquired brands in an expanded global portfolio.

UPDATE 3-Coty profit beats on demand for brands aimed at younger consumers

* Shares up as much as 21 pct (Adds analyst, conference call comments, updates share price)

BRIEF-Coty says sales in 2H will be roughly flat with previous year

* CFO on conf call - Q1 is the lowest quarter of the year from a revenue standpoint‍​

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