Coty Inc (COTY.N)
21 Feb 2018
Thu, Feb 8 2018
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.
* Shares rise as much as 16 pct (Updates share price, adds CFO quote, details from conf call)
* QTRLY NET REVENUES OF $2,637.6 MILLION INCREASED 14.8% AS REPORTED COMPARED TO PRIOR YEAR
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.
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.
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.
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.
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.
* Shares up as much as 21 pct (Adds analyst, conference call comments, updates share price)
* CFO on conf call - Q1 is the lowest quarter of the year from a revenue standpoint
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