Cooper Profit Meets Estimate; Lifts FY Guidance - Quick Facts

(RTTNews) - Cooper Cos. Inc (COO) Thursday reported third-quarter net earnings of $88 million or $1.80 per share compared with $89 million or $1.79 per share last year.

Excluding items, adjusted earnings for the quarter were $1.90 per share compared with $1.74 per share a year ago.

On average, 11 analysts polled by Thomson Reuters estimated earnings of $1.90 per share for the quarter. Analysts' estimates typically exclude special items.

Pleasanton, California-based Cooper said its revenues for the quarter were up 5% at $432.5 million compared with $412 million in the prior year. Analysts expected revenues of $443.7 million.

For the fourth quarter, Cooper projects adjusted earnings of $2.00 to $2.10 per share and revenues of $477 million to $490 million. Analysts expect earnings of $1.82 per share on revenues of $494.2 million.

Looking ahead to the full year, the company now expects adjusted earnings of $7.34 to $7.44 per share on revenues of $1.73 billion to $1.74 billion, from prior guidance of $6.80 to $7.00 per share in earnings and $1.69 billion to $1.73 billion in revenues.

Analysts expect earnings of $6.84 per share on revenues of $1.75 billion.