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Cooper Companies Beats Analysts' Estimates

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Cooper Companies Beats Analysts' Estimates

Cooper Companies (NYSE: COO) released its fiscal first-quarter earnings results on Thursday after the closing bell. In after-hours trading, the stock was essentially unchanged at $104.65 after closing the regular trading day at $104.70.

For the quarter, the company reported net income of $74.7 million or $1.50 per share, compared to $54.6 million or $1.12 per share, in last year's corresponding quarter. On an adjusted basis, EPS was $1.23, which was ahead of consensus estimates calling for earnings of $1.19 per share.

Sales in the quarter were up 16 percent to $379.84 million versus $326.06 million last year. This also beat analysts' consensus revenue estimates of $364.90 million.

Looking ahead to the fiscal-year, Cooper guided for adjusted earnings per share of $5.95 to $6.10 on revenue of $1.575 billion to $1.625 billion. This is above its previous guidance range calling for adjusted EPS of $5.90 to $6.10 on revenue of $1.565 billion to $1.625 billion. Currently, Wall Street analysts' have consensus EPS estimates of $6.03 on revenue of $1.72 billion for the fiscal year.

 

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