Coty posts 4Q loss, results miss Wall Street forecasts

Coty Inc. (COTY) on Thursday reported a loss of $20.1 million in its fiscal fourth quarter.

The New York-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The beauty products company posted revenue of $1.04 billion in the period, also missing Street forecasts. Analysts expected $1.06 billion, according to Zacks.

Coty shares have climbed 18 percent since the beginning of the year. The stock has increased 13 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. A stock research report on COTY from Zacks is available at: http://www.zacks.com/ap/COTY

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