Cooper Profit Falls; Cuts FY Guidance

(RTTNews) - Medical device company Cooper Cos Inc (COO) Thursday reported fourth-quarter net earnings of $31 million or $0.63 per share compared with $57 million or $1.15 per share last year.

Excluding items, adjusted earnings for the quarter were $1.95 per share compared with $1.60 per share a year ago.

Revenues for the quarter were $468 million compared with $411.9 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $2.03 per share on revenues of $481.6 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company now expects adjusted earnings of $7.30 to $7.70 per share on revenues of $1.9 billion to $1.96 billion. It earlier expected earnings of $8.20 to $8.60 per share on revenues of $2 billion to $2.06 billion.

Analysts expect earnings of $8.24 per share on revenues of $2.01 billion.

Cooper said its revised guidance reflects moves in currency from, offset by a slight increase from operational improvements.