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What to Watch When Coty Reports 1Q Earnings

Coty (COTY) is set to release its 2017 fiscal first-quarter results before Wednesday's market open. Wall Street is forecasting earnings will decline year over year while revenue will be slightly higher than last year.

Analysts surveyed by FactSet are looking for adjusted earnings of 33 cents per share on revenue of $1.14 billion. During the same quarter a year ago, the New York-based beauty products company posted adjusted earnings of 59 cents per diluted share on revenue of $1.11 billion.

Shares of Coty...