Cooper Cos. Climbs On Better-than-expected Earnings

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.