Coty misses Q2 2017 earnings following P&G deal

Shares in the cosmetics company fall more than 8% as confidence drops

Coty reported net revenues of $2.29bn in Q2 2017, up 90% compared to the prior year period.

The results are the first to be released since the completion of Coty’s takeover of P&G’s beauty business. The deal involved a handover of 41 brands for approximately $12.5bn.

However, Coty’s Q2 EPS fell short of the mark at . . .

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