CooperCompanies Announces Third Quarter 2019 Results
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Cooper Cos. (COO) Tops Q3 EPS by 6c, Revenues Miss; Offers Q4 EPS Mid-Point Guidance Below Consensus, FY19 EPS Mid-Point Guidance Above Consensus
August 29, 2019 4:19 PM EDTCooper Cos. (NYSE: COO) reported Q3 EPS of $3.23, $0.06 better than the analyst estimate of $3.17. Revenue for the quarter came in at $679.4 million versus the consensus estimate of $687.55 million.
Third Quarter Operating Results
Revenue $679.4 million up 3% from last years third quarter, up 5% pro forma.Revenue increased 3% year-over-year to $679.4 million. CooperVision (CVI) revenue up 4% to $509.1 million, and CooperSurgical (CSI) revenue consistent with last year at $170.3 million.GAAP diluted earnings per share $2.40, up 18.1% from last year's third quarter.Non-GAAP diluted earnings per share $3.23, up 23 cents or 7.8% from last years third quarter. See... More