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Coty: Fiscal Q4 Earnings Snapshot
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NEW YORK (AP) — NEW YORK (AP) — Coty Inc. (COTY) on Wednesday reported a loss of $141 million in its fiscal fourth quarter.

The New York-based company said it had a loss of 16 cents per share. Losses, adjusted for non-recurring costs, came to 2 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The beauty products company posted revenue of $1.27 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $1.19 billion.

For the year, the company reported a loss of $604.8 million, or 70 cents per share. Revenue was reported as $5.81 billion.

Coty expects full-year earnings in the range of 11 cents to 13 cents per share.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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