Coty misses by $0.09, beats on revs
- Reports Q4 (Jun) net of breakeven, excluding non-recurring items, $0.09 worse than the Capital IQ Consensus of $0.09; revenues rose 108.4% year/year to $2.24 bln vs the $2.16 bln Capital IQ Consensus.
- Excluding the positive contribution from the acquisitions of ghd and Younique, combined company organic net revenues declined 3% on a constant currency basis, which includes a 1% net benefit as a result of pre-shipments to customers in advance of the termination of the Transition Services Agreement for Europe which occurred on July 1.
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