Coty Inc. reported Wednesday a fiscal third-quarter net loss that narrowed to $77.0 million, or 10 cents a share, from $164.2 million, or 22 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 13 cents, above the FactSet consensus of 12 cents. Revenue rose 9% to $2.22 billion, beating the FactSet consensus of $2.17 billion. Among the beauty companies business segments, luxury revenue growth of 19% to $752.5 million beat the FactSet consensus of $701.5 million, while the 3% increase in consumer beauty to $1.02 billion missed expectations of $1.06 billion. Professional revenue rose 10% to $448.5 million, above the FactSet consensus of $432.9 million. The company said it still expects "modest" organic net revenue growth for the second half of the year. The stock, which was still inactive in premarket trade, has tumbled 20.1% year to date, while the S&P 500 has eased 0.1%.