Coty Q1 EPS $0.09 Misses $0.17 Estimate, Sales $1.64B Beat $1.58B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coty reported Q1 earnings of $0.09 per share, missing the analyst consensus estimate of $0.17 by 47.06%. This is a decrease of 18.18% from the same period last year. However, the company's quarterly sales of $1.64 billion beat the analyst consensus estimate of $1.58 billion by 3.89%, marking an increase of 18.09% from the same period last year.
November 07, 2023 | 9:33 pm
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NEGATIVE IMPACT
Coty's Q1 earnings per share missed estimates by 47.06%, but sales exceeded expectations by 3.89%.
Coty's earnings per share fell short of analyst expectations, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price. However, the company's sales exceeded estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100