Coty Misses Estimates as Sales Plunge 62%

Coty shares fell sharply on Thursday just after the cosmetics maker described a larger sized than-expected quarterly loss, citing the “external shocks” of the coronavirus pandemic. For the fourth quarter, Coty’s internet income plunged sixty two.8% to $560.4 million while its internet loss narrowed to $722.8 million, or $1.01 a […]