NEW YORK (AP) — NEW YORK (AP) — Coty Inc. (COTY) on Tuesday reported a loss of $96.9 million in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 12 cents. Losses, adjusted for non-recurring costs, were 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The beauty products company posted revenue of $1.36 billion in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $1.38 billion.
For the year, the company reported profit of $89.4 million, or 9 cents per share. Revenue was reported as $6.12 billion.
Coty expects full-year earnings in the range of 54 cents to 57 cents per share.
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