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Cooper Cos. beats 1Q earnings and revenue expectations

PLEASANTON, Calif. – PLEASANTON, Calif. (AP) _ The Cooper Cos. (COO) on Thursday reported fiscal first-quarter earnings of $51.4 million.

On a per-share basis, the Pleasanton, California-based company said it had profit of $1.05. Earnings, adjusted for non-recurring costs, came to $1.83 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The surgical and contact lens products maker posted revenue of $449.6 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $442.3 million.

Cooper Cos. expects full-year earnings in the range of $8 to $8.30 per share, with revenue in the range of $1.87 billion to $1.91 billion.

Cooper Cos. shares have increased 8 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $145.01, a fall of 12 per cent 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 http://www.zacks.com/ap/COO

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Keywords: Cooper Cos., Earnings Report