— Coty Inc.’s (NYSE: COTY) second quarter 2020 adjusted EPS rose 13% year-over-year to $0.27 vs. $0.24 expected.
— Revenue decreased 6.6% to $2.35 billion vs. $2.34 billion expected.
— GAAP net loss of $21.1 million or $0.03 per share improved from $960.6 million or $1.28 per share in Q2 2019.
— For FY20, Coty continues to expect adjusted EPS to grow in mid-single digits.
— Luxury segment revenue inched down 0.1% to $1.02 billion.
— Consumer Beauty segment revenue declined 17.4% to $799.7 million.
— Professional Beauty segment revenue edged up by 0.6% to $528.8 million.
— COTY shares have gained 7% in the pre-market session immediately after the earnings announcement.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%