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Coty Expects Sales Growth To Weaken Q1

By Warren Paige

Beauty products and fragrances maker, Coty Inc. (NYSE: COTY) reported its first quarterly results after becoming a publicly traded company on Tuesday. Earnings topped analysts’ expectation as the bottom line was bolstered by higher sales of branded perfumes such as Chloe and Marc Jacobs in Asia. However, shares edged lower. The Company expects revenue in the current quarter will fall marginally due to weakening market growth in Europe and the U.S. Overall revenue in the fiscal fourth quarter rose 3.9% to $1.06 billion, driven by 11% sales growth in Asia.

September 17th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.