BUZZ-Coty up after Q3 revenue beats estimates on strong demand

Reuters05-07

** Shares of CoverGirl cosmetics maker Coty up ~3% at $11.80 after the bell

** Co beats Q3 rev estimates owing to steady global demand for its luxury and mass-market products

** Posts quarterly rev of $1.39 bln vs LSEG estimates of $1.37 bln

** Co reports Q3 e-commerce rev growth of nearly 20%, helped by new launches such as Cosmic Kylie Jenner and Marc Jacobs Daisy

** Co's adj. gross margin rose by 190 basis points to 64.8% driven by higher pricing and easing production costs.

** Expects fiscal 2024 core sales to be at the high end of the 9% to 11% growth it previously forecast

** Sees annual adj. per-share profit at the high end of its prior expectation of 44 cents to 47 cents

** In 2023, stock rose nearly 45%

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433237667?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-07 05:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2433237667","market":"us","top_or_hot":-1,"title":"BUZZ-Coty up after Q3 revenue beats estimates on strong demand","media":"Reuters","content":"<html><body><p>** Shares of CoverGirl cosmetics maker Coty    up ~3% at $11.80 after the bell</p><p>   ** Co beats Q3 rev estimates owing to steady global demand for its luxury and mass-market products</p><p>   ** Posts quarterly rev of $1.39 bln vs LSEG estimates of $1.37 bln</p><p>   ** Co reports Q3 e-commerce rev growth of nearly 20%, helped by new launches such as Cosmic Kylie Jenner and Marc Jacobs Daisy</p><p>   ** Co's adj. gross margin rose by 190 basis points to 64.8% driven by higher pricing and easing production costs.</p><p>   ** Expects fiscal 2024 core sales to be at the high end of the 9% to 11% growth it previously forecast</p><p>   ** Sees annual adj. per-share profit at the high end of its prior expectation of 44 cents to 47 cents</p><p>   ** In 2023, stock rose nearly 45%</p><p> (Reporting by Anuja Bharat Mistry in Bengaluru)</p><p>((AnujaBharat.Mistry@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Coty up after Q3 revenue beats estimates on strong demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Coty up after Q3 revenue beats estimates on strong demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 05:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Shares of CoverGirl cosmetics maker Coty    up ~3% at $11.80 after the bell   ** Co beats Q3 rev estimates owing to steady global demand for its luxury and mass-market products   ** Posts quarterly...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BUZZ","symbol_name":"VanEck Social Sentiment ETF","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2433237667","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433237667","pubTimestamp":1715032496,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of CoverGirl cosmetics maker Coty    up ~3% at $11.80 after the bell   ** Co beats Q3 rev estimates owing to steady global demand for its luxury and mass-market products   ** Posts quarterly rev of $1.39 bln vs LSEG estimates of $1.37 bln   ** Co reports Q3 e-commerce rev growth of nearly 20%, helped by new launches such as Cosmic Kylie Jenner and Marc Jacobs Daisy   ** Co's adj. gross margin rose by 190 basis points to 64.8% driven by higher pricing and easing production costs.   ** Expects fiscal 2024 core sales to be at the high end of the 9% to 11% growth it previously forecast   ** Sees annual adj. per-share profit at the high end of its prior expectation of 44 cents to 47 cents   ** In 2023, stock rose nearly 45% ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BUZZ":"VanEck Social Sentiment ETF","COTY":"科蒂"},"translate_title":"BUZZ-Coty在第三季度收入超过预期后增长强劲的需求","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUZZ":1,"COTY":1},"content_text":"** Shares of CoverGirl cosmetics maker Coty    up ~3% at $11.80 after the bell   ** Co beats Q3 rev estimates owing to steady global demand for its luxury and mass-market products   ** Posts quarterly rev of $1.39 bln vs LSEG estimates of $1.37 bln   ** Co reports Q3 e-commerce rev growth of nearly 20%, helped by new launches such as Cosmic Kylie Jenner and Marc Jacobs Daisy   ** Co's adj. gross margin rose by 190 basis points to 64.8% driven by higher pricing and easing production costs.   ** Expects fiscal 2024 core sales to be at the high end of the 9% to 11% growth it previously forecast   ** Sees annual adj. per-share profit at the high end of its prior expectation of 44 cents to 47 cents   ** In 2023, stock rose nearly 45% (Reporting by Anuja Bharat Mistry in Bengaluru)((AnujaBharat.Mistry@thomsonreuters.com))","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433237667"}