Coty Reports Better Than Expected Q3 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/COTY'>Coty (NYSE:COTY)</a> reported its Q3 earnings results on Tuesday, with EPS of $0.19, coming in better than the Street estimate of $0.03. Revenue was $1.29 billion, beating the Street estimate of $1.23 billion.</p>
<p>This led to an increase in guidance, but it reflects a more modest Q4, largely due to inventory re-stocking actions in Q3 that led to a one-time mid-single-digit benefit to growth. Demand remains healthy around the globe with incremental upside from China as the country reopens and the company invests in new skincare launches in the region.</p>
<p>For the full 2023 year, the company expects EPS to be in the range of $0.38-$0.39, compared to the Street estimate of $0.37.</p>

NYSE:COTY