Categories Earnings, Retail

Coty Inc (COTY) Q2 2020 Earnings Snapshot

— 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.

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Also Read:  Levi Strauss & Co. (LEVI) Q3 2020 Earnings Call Transcript

Most Popular

Infographic: Seagate Technology (STX) Q1 earnings drop but beat view

Seagate Technology plc (NASDAQ: STX), a leading provider of data storage solutions, Thursday said its earnings declined in the first quarter of 2021, owing to a 10% fall in revenues.

INTC Earnings: All you need to know about Intel Q3 2020 earnings results

Intel Corporation (NASDAQ: INTC) reported third quarter 2020 earnings results today. Revenue fell 4% year-over-year to $18.3 billion. GAAP net income decreased 29% to $4.3 billion while EPS dropped 25%

AT&T (T) Earnings: Key financials and quarterly highlights

AT&T Inc. (NYSE: T) today reported its third quarter financial results for the period ended September 30, 2020. Net income for the third quarter was $2.8 billion, or $0.39 per

Top