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Coty fiscal Q2 profit climbs 8.9% YOY

Coty Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 31 cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.

EPS increased 11.5% year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $111.5 million, a gain of 8.9% from $102.4 million in the year-earlier period.

The normalized profit margin rose to 9.2% from 8.1% in the year-earlier period.

Total revenue decreased year over year to $1.21 billion from $1.26 billion, and total operating expenses fell 6.2% from the prior-year period to $995.3 million from $1.06 billion.

Reported net income fell 30.2% year over year to $88.6 million, or 25 cents per share, from $126.9 million, or 35 cents per share.