The Cooper Companies: Overview of First Fiscal Quarter Earnings

The Cooper Companies Announces First-Quarter Financial Results

The Cooper Companies, headquartered in San Ramon, California, reported a net profit of $130.8 million for its fiscal first quarter.

Earnings translated to 66 cents per share, while adjusted earnings—excluding special items—came in at $1.10 per share.

These adjusted earnings surpassed analyst expectations, as a consensus of eight analysts polled by Zacks Investment Research had forecasted $1.03 per share.

The company, which specializes in surgical and contact lens products, generated $1.02 billion in revenue during the quarter. This figure was slightly below the $1.03 billion anticipated by six analysts surveyed by Zacks.

Looking ahead, The Cooper Companies projects its full-year earnings to fall between $4.58 and $4.66 per share, with expected revenue ranging from $4.31 billion to $4.35 billion.