Coty Inc. (COTY) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $235.0 million, or $0.27 per share. This compares with $192.7 million, or $0.23 per share, in last year's second quarter.
Excluding items, Coty Inc. reported adjusted earnings of $191.9 million or $0.22 per share for the period.
Analysts on average had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.8% to $1.52 billion from $1.58 billion last year.
Coty Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $235.0 Mln. vs. $192.7 Mln. last year.
-EPS (Q2): $0.27 vs. $0.23 last year.
-Analyst Estimate: $0.15
-Revenue (Q2): $1.52 Bln vs. $1.58 Bln last year.
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