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Friday, February 8, 2019

=Coty (COTY) reported earnings on Fri 8 Feb 2019 (b/o)

Coty beats by $0.02, beats on revs 
  • Reports Q2 (Dec) earnings of $0.24 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.22; revenues fell 4.8% year/year to $2.51 bln vs the $2.47 bln S&P Capital IQ Consensus.
  • Outlook: "As we focus on building a healthier business model, we anticipate a profit trend recovery in the second half of FY19. We expect that FY19 constant currency adjusted operating income will be moderately below FY18. We continue to expect positive free cash flow for FY19."

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