Coty Inc. posts fiscal first quarter earnings, group revenues of $1.37B

Coty Inc., the multinational beauty company that bought Kylie Jenner Cosmetics, has posted fiscal first quarter earnings, showing exceptional growth as its stock surges.

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KARINA MITCHELL: I want to bring your attention, Zack, to a trending ticker that's making some news. Coty shares surged higher today. That's after the luxury brands and cosmetics group posted stronger than expected first quarter earnings. For fiscal first quarter, EPS came in at $0.08. That's a $0.05 beat on what Wall Street estimated, and up from a $0.01 loss year over year.

And some of its brands include Gucci, CoverGirl, Burberry, Hugo Boss, so it's a big company. And then group revenues, Coty said, rose 22% to $1.37 billion. That's against analyst estimates of $1.1 billion annually. And looking into '22, the fiscal year, Coty forecast adjusted earnings of between $0.19 and $0.23 per share, with organic sales growth in the low to mid-teens. That's up from previous guidance. So, some good results up from that company there.