Cooper Cos.: Fiscal 4Q Earnings Snapshot
PLEASANTON, Calif. (AP) _ The Cooper Cos. (COO) on Thursday reported fiscal fourth-quarter net income of $100.6 million.
On a per-share basis, the Pleasanton, California-based company said it had net income of $2.02. Earnings, adjusted for non-recurring costs, came to $2.87 per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.96 per share.
The surgical and contact lens products maker posted revenue of $651.5 million in the period, topping Street forecasts. Ten analysts surveyed by Zacks expected $645.8 million.
For the year, the company reported profit of $139.9 million, or $2.81 per share. Revenue was reported as $2.53 billion.
Cooper Cos. expects full-year earnings in the range of $11.30 to $11.70 per share, with revenue in the range of $2.6 billion to $2.66 billion.
Cooper Cos. shares have increased 27 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $277.06, a rise of 19 percent in the last 12 months.