06:32 AM EST, 11/07/2024 (MT Newswires) -- Coty ( COTY ) reported fiscal Q1 adjusted earnings Wednesday of $0.15 per diluted share, up from $0.09 a year earlier.

Analysts polled by Capital IQ expected $0.19.

Net revenue for the quarter that ended Sept. 30 was $1.67 billion, up from $1.64 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.674 billion.

The company now expects fiscal 2025 adjusted EPS at the low end of its prior guidance range of $0.54 to $0.57. Analysts surveyed by Capital IQ expect $0.55.

The firm anticipates fiscal 2025 savings of more than $120 million, an increase of over $45 million versus its initial target.

Shares of the company fell more than 5% in recent premarket activity Thursday.

Price: 7.00, Change: -0.43, Percent Change: -5.79