Why These 10 Firms Nosedived Today

4. Coty Inc. (NYSE:COTY)

Coty Inc. dropped its share prices by 11.61 percent on Wednesday to end at $4.57 apiece following disappointing earnings coupled with a weak outlook for the rest of the year.

In its latest earnings release, Coty Inc. (NYSE:COTY) said it swung to an attributable net loss of $405.7 million for the third quarter ending March 2025 from a net income of $3.8 million year-on-year. This pulled the company to a nine-month net loss of $299.1 million versus a $186.3 million net income in the same period a year earlier.

Net revenues for the quarter were also lower by 6 percent to $1.299 billion from $1.385 billion, while net revenues for the nine-month period dipped by 2 percent to $4.64 billion from $4.75 billion.

Looking ahead, Coty Inc. (NYSE:COTY) said it expects a high single digit decline in sales for the fourth quarter of the current fiscal year amid the continuing current category trends coupled with its ongoing interventions “to clean up the baseline of the business to prepare for a healthier [full-year] 2026.”