Stifel Reiterates Buy on Cooper Cos. (COO) Following In-Line 3Q
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September 1, 2016 4:15 PM EDT
PLEASANTON, Calif., Sept. 01, 2016 (GLOBE NEWSWIRE) -- The Cooper Companies, Inc. (NYSE: COO) today announced financial results for the fiscal third quarter ended July 31, 2016.
Revenue increased 11% year-over-year to $514.7 million.  CooperVision (CVI) revenue up 6% to $409.9 million. CooperSurgical (CSI) revenue up 38% to $104.8 million.GAAP earnings per share (EPS) $1.79, up 88 cents or 97% from last years third quarter. Non-GAAP EPS $2.30, up 33 cents or 17% from last years third quarter. See Reconciliation of GAAP to Non-GAAP Results below.
Commenting on the results, Robert S. Weiss, Coopers president and chief executive... More
September 1, 2016 4:15 PM EDT
PLEASANTON, Calif., Sept. 01, 2016 (GLOBE NEWSWIRE) -- The Cooper Companies, Inc. (NYSE: COO) today announced that Gregory W. Matz, senior vice president, chief financial officer and chief risk officer, plans to retire from the company in early 2017 after more than six years of service to the company. As part of his planned transition, Mr. Matz intends to remain in his current role through fiscal year end October 31, 2016, and then act in an advisory capacity until March 2017 to ensure a smooth transition. Albert G. White, III will succeed Mr. Matz as chief... More
