Cooper Results Miss Estimates; Cuts FY Sales Guidance

(RTTNews) - Medical device company Cooper Cos Inc (COO) on Thursday reported second-quarter net earnings of $60.7 million or $1.23 per share compared with $79.2 million or $1.62 per share last year.

Excluding items, adjusted earnings for the quarter were $1.72 per share compared with $1.76 per share a year ago.

Revenues for the quarter were $434.7 million compared with $412.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.76 per share on revenues of $453.2 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company continues to expect adjusted earnings of $7.40 to $7.70 per share. It now expects revenues of $1.82 billion to $1.86 billion, down from prior guidance of $1.86 billion to $1.91 billion.

Analysts expect earnings of $7.58 per share on revenues of $1.88 billion for the year.