BUZZ-Coty drops as it withdraws guidance under new CEO

Reuters

02/06

** Shares of Covergirl parent Coty COTY.N down ~7% at $2.92 after the bell

** Co withdraws full-year forecast with new interim CEO Markus Strobel calling for improved discipline and execution to turn around sluggish financial performance

** Expects Q3 adjusted EBITDA to fall to $100-$110 million, below analysts' average forecast of $201.6 million, per data compiled by LSEG

** Sees Q3 revenue declining by a mid-single-digit percentage, compared to analysts' average estimate of a 2.9% rise

** Posts Q2 revenue of $1.68 billion vs estimates of $1.66 billion

** Stock fell 55% in 2025

(Reporting by Koyena Das in Bengaluru)

((koyena.das@thomsonreuters.com))

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href=\"https://laohu8.com/S/QTWO\">Q2</a> revenue of $1.68 billion vs estimates of $1.66 billion</p><p>** Stock fell 55% in 2025</p><p> (Reporting by Koyena Das in Bengaluru)</p><p> ((koyena.das@thomsonreuters.com))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0002270589.USD","symbol_name":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260205:nL6N3Z11C4:1","article_id":"2609358735","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609358735","pubTimestamp":1770327647,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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