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Coty Breaks Even, Revenue Declines in Q3 of Fiscal 2021

05/10/2021 03:43

07:35 AM EDT, 05/10/2021 (MT Newswires) -- Coty (COTY) reported adjusted diluted EPS of $0.00 for Q3 of fiscal 2021, compared with a loss of $0.14 per share a year earlier. Analysts polled by Capital IQ expected adjusted EPS of $0.01.

Revenue for the quarter ended March 31 for the beauty company was $1.03 billion, compared with $1.06 billion in Q3 of fiscal 2020. The analysts' consensus forecast was for revenue of $1.03 billion.

The company said it expects net revenues of $4.5 billion to $4.6 billion for full-year fiscal 2021.

Shares of Coty are down more than 2% in premarket trading.

Price: 10.10, Change: -0.24, Percent Change: -2.32