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Coty: Fiscal 3Q Earnings Snapshot

NEW YORK (AP) _ Coty Inc. (COTY) on Wednesday reported a loss of $12.1 million in its fiscal third quarter.

On a per-share basis, the New York-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, came to 13 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The beauty products company posted revenue of $1.99 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $2.05 billion.

Coty shares have climbed 87% since the beginning of the year. The stock has decreased 24% 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