Cooper Cos.: Fiscal 3Q Earnings Snapshot
PLEASANTON, Calif. (AP) _ The Cooper Cos. (COO) on Thursday reported fiscal third-quarter earnings of $120.1 million.
The Pleasanton, California-based company said it had net income of $2.40 per share. Earnings, adjusted for one-time gains and costs, came to $3.23 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.16 per share.
The surgical and contact lens products maker posted revenue of $679.4 million in the period, which did not meet Street forecasts. Ten analysts surveyed by Zacks expected $686.9 million.
For the current quarter ending in October, Cooper Cos. expects its per-share earnings to range from $3.22 to $3.30. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.29.
The company said it expects revenue in the range of $674 million to $694 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $684.4 million.
Cooper Cos. expects full-year earnings in the range of $12.27 to $12.35 per share, with revenue ranging from $2.64 billion to $2.66 billion.
Cooper Cos. shares have risen 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $328.76, a rise of 24% in the last 12 months.