Coty earnings beat estimates
Coty Inc. reported a fiscal fourth-quarter net loss of $31 million, or 9 cents per share, compared with $21 million, or 5 cents per share, for the same period last year. Adjusted earnings were 13 cents per share, beating the FactSet consensus of 6 cents per share. Revenue totaled $1.08 billion, down from $1.02 billion last year and beating the FactSet estimate of $1.05 billion. The company said Tuesday it is "well advanced" in its preparations for the P&G Beauty Brands merger, with office locations, structure and key staffing complete. Читать дальше...
