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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.

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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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