- Coty (NYSE:COTY) announces a new $500M share repurchase allowance.
- The buyback firepower has no expiration date.
- The new repurchase agreement covers about 5.1% of all Coty shares.
- Earlier today, Coty topped expectations in a F/X-pressured FQ1.
- Previously: Coty beats by $0.03, beats on revenue (Feb. 04 2016)