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Coty: Fiscal 1Q Earnings Snapshot

November 7, 2018

NEW YORK (AP) _ Coty Inc. (COTY) on Wednesday reported a loss of $12.1 million in its fiscal first quarter.

The New York-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 11 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The beauty products company posted revenue of $2.03 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $2.16 billion.

Coty shares have declined 44 percent since the beginning of the year. The stock has dropped 23 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COTY at https://www.zacks.com/ap/COTY

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