-=Coty (COTY) reported earnings on Wed 5 Feb 20 (b/o)

Coty beats by $0.03, reports revs in-line

Reports Q2 (Dec) earnings of $0.27 per share, $0.03 better than the S&P Capital IQ Consensus of $0.24; revenues fell 6.6% year/year to $2.35 bln vs the $2.34 bln S&P Capital IQ Consensus.

• Gross margin increased by 150 bps to 63.4%.

Co expects stable to slightly lower revenue in FY20. Earnings are expected to show mid-single digit growth.