Cooper Cos. Climbs On Better-than-expected Earnings

By Sue ChangMarketWatch Pulse

Shares of Cooper Cos. gained in Thursday's extended session after the contact lens company posted quarterly results that beat Wall Street's expectations. Cooper reported its first-quarter earnings fell to $51.4 million, or $1.05 a share, from $61.2 million, or $1.25 a share, a year earlier. On an adjusted basis, the company would have earned $1.83 a share. Revenue rose 1% to $449.6 million. Analysts surveyed by FactSet had forecast earnings of $1.58 a share on revenue of $442 million. For the full year, Cooper projected adjusted EPS of $8 to $8.30 and revenue of $1.87 billion to $1.91 billion versus the Street's average estimates of $7.83 a share and $1.87 billion. Shares climbed 3.4% in after-hours trading.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below