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Why Coty Stock Was Soaring Today

TheMotleyFool

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Why Coty Stock Was Soaring TodayPhoto, wide shot, wide-angle lens, Laundry service, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/7d06f1e2-46d1-4cac-90e0-6cc2313e43fe.png

Shares of Coty (NYSE: COTY) were surging today after the cosmetics giant turned in a surprise profit and much better revenue than expected in its fiscal first-quarter report, a sign that its turnaround efforts may be gaining traction.

As of 1:47 p.m. EST, the stock was up 18.4%.

Image source: Getty Images.

Source Fool.com

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