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Coty Tanks 14% As Quarterly Sales Fail To Impress; Street Says Hold

Shares of Coty plunged 14 after the cosmetic maker’s quarterly sales fell short of analysts’ expectations. In the three months ended Dec. 31, Coty’s (COTY) revenue slipped 15.9% to $1.415 billion, lagging the Street consensus of $1.433 billion, as sales in the US and EMEA regions were hit most due to pandemic-led store closures and a decline in make-up usage events. Meanwhile, adjusted earnings per share declined to $0.17 from $0.27 in the year-ago period, but came in ahead ...
Quarterly Sales Wall Street Analysts Coty Stock Retail Sales காலாண்டு விற்பனை சுவர் தெரு ஆய்வாளர்கள்
Source: yahoo.com

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