SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — The Cooper Companies (COO) on Thursday reported fiscal first-quarter profit of $130.8 million.
On a per-share basis, the San Ramon, California-based company said it had net income of 66 cents. Earnings, adjusted for one-time gains and costs, were $1.10 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The surgical and contact lens products maker posted revenue of $1.02 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $1.03 billion.
The Cooper Companies expects full-year earnings in the range of $4.58 to $4.66 per share, with revenue in the range of $4.31 billion to $4.35 billion.
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