US Stocks Movement | Coty drops over 13% in after-hours trading as Q3 adjusted earnings guidance falls short of expectations and full-year guidance is withdrawn

Gelonghui, February 6th | US cosmetics group Coty (COTY.US) dropped more than 13% in after-hours trading, closing at $2.74. According to reports, Coty announced its fiscal year 2026 Q2 results, with revenue of $1.68 billion, slightly exceeding the market expectation of $1.66 billion; however, adjusted earnings per share were $0.14, falling short of analysts’ expectations of $0.18. The company expects adjusted EBITDA for the third quarter to fall to $100 million–$110 million, also below analysts’ expectations of $201.6 million. In addition, the company announced the withdrawal of its previous forecasts for fiscal year 2026 EBITDA and free cash flow. Newly appointed interim CEO Markus Strobel called for strengthened discipline and execution to reverse the weak financial performance.