Coty Posts Narrower Q4 Loss

Coty

reported a narrower loss in the quarter ended June 30. Coty posted a quarterly net loss of $62.3 million, or $0.16 per share, versus a year-ago loss of $357.3 million, or $0.95 per share. Its adjusted earnings per share came in at $0.03 per share. Its revenue climbed 3.9% to $1.06 billion. Coty shares closed at $16.25 yesterday.