NEW YORK (AP) — NEW YORK (AP) — Coty Inc. (COTY) on Tuesday reported a loss of $405.7 million in its fiscal third quarter.
On a per-share basis, the New York-based company said it had a loss of 47 cents. Earnings, adjusted for non-recurring costs, came to 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The beauty products company posted revenue of $1.3 billion in the period, which matched Street forecasts.
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