Coty: Fiscal 4Q Earnings Snapshot
NEW YORK (AP) _ Coty Inc. (COTY) on Tuesday reported a loss of $181.3 million in its fiscal fourth quarter.
The New York-based company said it had a loss of 24 cents per share. Earnings, adjusted for restructuring costs and amortization costs, were 14 cents per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share.
The beauty products company posted revenue of $2.3 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $2.31 billion.
For the year, the company reported that its loss narrowed to $168.8 million, or 23 cents per share. Revenue was reported as $9.4 billion.
Coty shares have fallen 38 percent since the beginning of the year. The stock has dropped 36 percent in the last 12 months.