Coty on Wednesday forecast a drop in current-quarter sales as weak spending in the U.S. sapped demand for beauty products...

The company's shares were down 16% in extended trading after it also posted a surprise fourth-quarter loss.

Coty will raise prices in its premium fragrances unit in the U.S. and onshore some production to cushion the impact of the 15% duties on imports from Europe...

— Read more in Coty forecasts fall in quarterly sales, to raise premium fragrance prices at Reuters.