Coty Inc. Q4 Loss Increases, Inline With Estimates

(RTTNews) - Coty Inc. (COTY) announced Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.

The company's earnings came in at -$284.8 million, or -$0.34 per share. This compares with -$210.2 million, or -$0.27 per share, in last year's fourth quarter.

Excluding items, Coty Inc. reported adjusted earnings of -$5.7 million or -$0.01 per share for the period.

Analysts on average had expected the company to earn -$0.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.4% to $1.16 billion from $1.06 billion last year.

Coty Inc. earnings at a glance (GAAP) :

-Earnings (Q4): -$284.8 Mln. vs. -$210.2 Mln. last year. -EPS (Q4): -$0.34 vs. -$0.27 last year. -Analyst Estimate: -$0.01 -Revenue (Q4): $1.16 Bln vs. $1.06 Bln last year.