Coty (NYSE:COTY) reported quarterly losses of $(0.01) per share which met the analyst consensus estimate. This is a 88.89 percent increase over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $1.17 billion which beat the analyst consensus estimate of $1.14 billion by 2.46 percent. This is a 9.98 percent increase over sales of $1.06 billion the same period last year.
Mallinckrodt’s Potential Bankruptcy: Hedge Funds’ New Path to Dodge Opioid Settlement Debt?
Last year, Mallinckrodt Plc (NYSE: MNK) pledged to pay $1.7 billion to settle numerous lawsuits by governments and individuals impacted by the opioid crisis, who argued the company had a hand in sparking the public health disaster.
