Multinational beauty company Coty (COTY) delivered mixed fourth-quarter and full-year results for the fiscal year ended June 30, 2021. While the company posted robust revenue growth, earnings results fell short of Wall Street expectations. COTY shares jumped 14.7% to close at $9.44 on August 26. Fiscal fourth-quarter revenue increased 89.6% year-over-year to $1.06 billion, surpassing consensus estimates of $1.01 billion. Fiscal 2021 revenue landed at $4.63 billion, above the high-end of the $4.5 billion to $4.6 billion guidance range. Furthermore, adjusted net loss in Q4 narrowed to $67.2 million compared to an adjusted net loss of $353.7 million in the same quarter last year.
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