Coty: Fiscal 2Q Earnings Snapshot
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.