Coty Inc. reported a broader loss for the fiscal second quarter amid the on-going resurgence of coronavirus cases and government restrictions, as it stated it to reduce roughly $300 million in fixed expenses for fiscal 2021, $100 million more than it originally targeted. The cosmetics company on Tuesday announced its net loss attributable to Coty for the last three months of 2020 extended to $252.3 million, up from $21.1 million in the same period last year. Losses were 36 cents a share, compared with 3 cents a share in the previous year. The results include the effect of the cost of the sale of a majority stake in Wella to KKR & Co. Inc. for roughly $2.5 billion in net cash proceeds. Coty said its performance was better compared with the fiscal first quarter.Including two months of contribution from Wella, earnings were 17 cents a share. Analysts polled by FactSet had estimated 7 cents a share.