After closing down just 0.5 percent at $4.86, Coty’s stock price dropped more than 17 percent in after-hours trading Wednesday after a greater profit loss in its fourth quarter than Wall Street had expected, although it surpassed revenue forecasts.

The beauty company, which holds many licenses including for fashion houses Burberry, Gucci and Hugo Boss, reported a net loss of $72.1 million. The adjusted EPS loss was 5 cents a share, below forecasts for a 1 cent profit.

Net revenue was $1.25 billion in the fourth quarter ended June 30, down 8 percent year-over-year, but above Wall Street forecasts.

In the prestige sector, where Coty is launching new Boss Bottled Beyond globally, coupled with the broader extension of the Hugo Boss brand into the U.S. market, net revenue came in at $760.6 m

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