Cooper Companies (COO) Tops Q1 Earnings & Revenue Estimates
Zacks Investment Research | Mar 08, 2018 09:29PM ET
Cooper Companies Inc. (NYSE:COO) reported adjusted earnings of $2.79 in first-quarter fiscal 2018, beating the Zacks Consensus Estimate by 10.7% and increasing 44.6% year over year. We believe the upside was driven by robust revenue growth. The stock has a Zacks Rank #3 (Hold).
Revenues increased 4% at constant currency exchange rate (CER) on a year-over-year basis to $590 million. The figure also outpaced the Zacks Consensus Estimate of $582.1 million. The stellar top-line performance was driven by silicone hydrogel lenses, led by the Clariti and MyDay in the dailies space and Biofinity in the monthly space.
Segmental Analysis
The company has two business segments — CooperVision (CVI) and CooperSurgical (CSI).
The Cooper Companies, Inc. Price, Consensus and EPS Surprise
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