NEW YORK, United States — Coty Inc. on Wednesday reported a lack of $164.2 million in its fiscal third quarter.
On a per-share foundation, the New York-based firm stated it had a lack of 22 cents. Earnings, adjusted for one-time positive aspects and prices, had been 15 cents per share.
The outcomes beat Wall Road expectations. The typical estimate of eight analysts surveyed by Zacks Funding Analysis was for earnings of 11 cents per share.
The sweetness merchandise firm posted income of $2.03 billion within the interval, additionally surpassing Road forecasts. 5 analysts surveyed by Zacks anticipated $1.96 billion.
Coty shares have dropped practically 3 p.c because the starting of the yr. The inventory has dropped 33 p.c within the final 12 months.
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