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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