Coty Inc.’s fourth-quarter results disappointed Wall Street as investors sent its shares down 3.4 percent.
Even though Coty narrowed its fourth-quarter loss from a year ago, it also fell short of Wall Street’s earnings per share forecast as well as revenue expectations for the quarter. Shares of Coty closed at $17.39.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"