Coty Q2 2024 Adj EPS $0.25 Beats $0.20 Estimate, Sales $1.73B Beat $1.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. (COTY) reported Q2 2024 adjusted earnings per share (EPS) of $0.25, surpassing the analyst consensus estimate of $0.20 by 25%. Quarterly sales reached $1.73 billion, exceeding the $1.68 billion estimate by 2.91% and marking a 13.39% increase from $1.52 billion in the same period last year.
February 07, 2024 | 9:36 pm
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POSITIVE IMPACT
Coty Inc. reported a significant beat on both EPS and sales estimates for Q2 2024, with a notable year-over-year sales increase.
Coty's earnings and sales beat are likely to positively impact investor sentiment and the stock price in the short term. The substantial beat on both top and bottom lines, coupled with significant year-over-year growth, indicates strong company performance and operational efficiency. This could lead to increased investor confidence and potential upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100