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Coty fiscal Q2 profit climbs 12.3% YOY

Coty Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 28 cents per share, compared with the S&P Capital IQ consensus estimate of 32 cents per share.

EPS increased 21.8% year over year from 23 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $102.4 million, a gain of 12.3% from $91.2 million in the prior-year period.

The normalized profit margin increased to 8.1% from 6.9% in the year-earlier period.

Total revenue decreased on an annual basis to $1.26 billion from $1.32 billion, and total operating expenses declined 7.2% on an annual basis to $1.06 billion from $1.14 billion.

Reported net income rose 53.7% on an annual basis to $126.9 million, or 35 cents per share, from $82.6 million, or 21 cents per share.