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Cooper Cos.: Fiscal 4Q Earnings Snapshot

December 6, 2018

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.

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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

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