AP NEWS

Cooper Cos.: Fiscal 1Q Earnings Snapshot

March 5, 2020 GMT

SAN RAMON, Calif. (AP) _ The Cooper Cos. (COO) on Thursday reported fiscal first-quarter profit of $90.5 million.

On a per-share basis, the San Ramon, California-based company said it had profit of $1.82. Earnings, adjusted for non-recurring costs, came to $2.69 per share.

The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.

The surgical and contact lens products maker posted revenue of $646.2 million in the period, also falling short of Street forecasts. Ten analysts surveyed by Zacks expected $647.9 million.

Cooper Cos. expects full-year earnings in the range of $12.80 to $13.20 per share, with revenue in the range of $2.77 billion to $2.82 billion.

Cooper Cos. shares have increased 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $325.27, a climb of 12% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COO at https://www.zacks.com/ap/COO