Cooper Cos. (COO) Misses Q4 EPS by 9c, Revenues Beat; FY19 EPS Mid-Point Guidance Below Consensus, FY19 Revenue Outlook Above Consensus
Cooper Cos. (NYSE: COO) reported Q4 EPS of $2.87, $0.09 worse than the analyst estimate of $2.96. Revenue for the quarter came in at $651.5 million versus the consensus estimate of $644.99 million.
- Fourth quarter revenue increased 16% year-over-year to $651.5 million. Fiscal 2018 revenue increased 18% to $2,532.8 million.
- Fourth quarter GAAP diluted earnings per share $2.02, up 24 cents or 13% from last year's fourth quarter. Fiscal 2018 GAAP EPS $2.81, down 63% from fiscal 2017.
- Fourth quarter non-GAAP diluted earnings per share $2.87, up 22 cents or 8% from last year’s fourth quarter. Fiscal 2018 non-GAAP EPS $11.50, up 19% from fiscal 2017. See “Reconciliation of GAAP Results to Non-GAAP Results” below.
Commenting on the results, Albert White, Cooper’s president and chief executive officer said, "This was a year of record revenues, non-GAAP EPS and free cash flow. I am proud of our team for everything we accomplished and believe our growth strategies are working and our momentum remains strong.”
GUIDANCE:
Cooper Cos. sees FY2019 EPS of $11.30-$11.70, versus the consensus of $1.61. Cooper Cos. sees FY2019 revenue of $2.6-2.66 billion, versus the consensus of $2.53 billion.
For earnings history and earnings-related data on Cooper Cos. (COO) click here.
