Coty posts 4Q loss, results miss Wall Street forecasts

MarketsAssociated Press

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.

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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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. A stock research report on COTY from Zacks is available at:


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