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Coty: Fiscal 2Q Earnings Snapshot

February 5, 2020 GMT

NEW YORK (AP) _ Coty Inc. (COTY) on Wednesday reported a loss of $21.1 million in its fiscal second quarter.

On a per-share basis, the New York-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, were 27 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The beauty products company posted revenue of $2.35 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $2.34 billion.

Coty shares have fallen slightly more than 5% since the beginning of the year. The stock has climbed 39% in the last 12 months.


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