💨 Abstract

Coty Inc. reported a loss of $405.7 million in its fiscal third quarter, with a per-share loss of 47 cents and earnings of 1 cent per share (adjusted). This is lower than the expected earnings of 5 cents per share. Revenue was $1.3 billion, which met Street forecasts. The beauty products company's results fell short of Wall Street expectations.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖