Cooper Companies Q1 Profit Beats Street

(RTTNews) - The Cooper Companies Inc. (COO) Tuesday reported first-quarter net income of $103.2 million or $2.07 per share, compared to net loss of $122.5 million or $2.50 per share last year.

On an adjusted basis, earnings for the quarter rose to $2.88 per share from $2.79 per share last year.

Sales for the quarter rose to $628.1 million from $590.0 million last year.

Analysts polled by Thomson Reuters estimated earnings of $2.50 per share and revenues of $617.86 million for the quarter.

Looking forward to the full year 2019, Cooper Companies now expect adjusted earnings of $11.85 to $12.15 per share and revenues of $2.631 billion to $2.676 billion. Analysts currently estimate earnings of $11.57 per share and revenues of $2.64 billion.