Coty Inc. posted weaker-than-expected profit for its fiscal fourth quarter on Tuesday, but revenue topped estimates as demand proved resilient despite the...
Coty Inc.
posted weaker-than-expected profit for its fiscal fourth quarter on Tuesday, but revenue topped estimates as demand proved resilient despite the inflationary backdrop . The beauty and makeup company had net income of $29.6 million, or 3 cents a share, for the quarter to June 30, after a loss of $286.0 million. or 34 cents a share, in the year-earlier period. Adjusted per-share earnings came to 1 cent, below the 2 cent FactSet consensus. Revenue rose 16% to $1.352 billion, ahead of the $1.
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