Company Earnings Update 4 minutesRegister for Free AccessCoty (NYSE: COTY) 3Q19 Results: Revenues Miss Consensus Estimate, Supply Chain Issues Seemingly Resolved Coresight Research May 13, 2019 Executive Summary Coty fiscal 3Q19 revenues were $1.99 billion, down 10.4% year over year and lower than the consensus estimate of $2.06 billion. Coty reported 3Q19 adjusted EPS of $0.13, even with the year ago period and beating the consensus estimate of $0.12. By division, sales in the luxury division (the company’s largest division) slipped 3.1% year over year on a reported basis, consumer beauty sales slid 17.8% year over year, and professional beauty revenues declined 6.1% year over year. The company did not provide quantitative EPS and revenue guidance for FY19. However, management said the company expects FY19 constant-currency adjusted operating income will be moderately below FY18, implying a solid profit performance in 4Q19 despite expected continued weakness in the top line. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 29: UK Closures Up 91%US, UK, EU & China Quarterly Economic Update, 1Q23: Stronger Economic Indicators Lead to Higher Consumer Spending in the US and UKShoptalk Europe 2023 Startup Pitch Competition: Recap—10 Innovators, Two WinnersGenerative AI Latest: The Rise of RAG, Updates from Amazon, Meta and Oracle