Why Coty Inc. Stock Jumped 21% Thursday

Shares of Coty (NYSE: COTY) jumped as much as 21.2% Thursday, following the beauty products company's first-quarter results for fiscal 2018. The stock is up about 15% at the time of this writing.

The stock's rise likely reflects the quarter's better-than-expected profit. Coty's adjusted earnings per share for the quarter were $0.10. On average, analysts were expecting adjusted EPS of $0.07. Revenue of $2.24 billion was in line with analysts' consensus estimate for the quarter.

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Source: Fool.com