Cooper Companies Tops Q2 Adjusted EPS and Revenue Estimates
COO is trading near its 52-week low of $58.89 (5.6% above the low).
Summary
The Cooper Companies reported Q2 adjusted EPS of $1.21, beating analyst estimates of $1.10. Revenue also exceeded expectations at $1,082 million against an estimated $1,054 million. This continues a trend of strong top-line performance seen in Q1. However, the company recorded a GAAP EPS loss of $0.40 and a negative EBIT margin of -3%, highlighting a divergence between adjusted and GAAP profitability.
At the time of this announcement, COO was trading at $62.21 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $12.1B. The 52-week trading range was $58.89 to $89.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.