Cooper Companies reported Q3 sales of $1.06bn, missing the analyst estimate of $1.06bn. The company's earnings per share of $1.10 beat the analyst consensus estimate of $1.07. Shares of Cooper Companies fell 14.5% in pre-market trading. Other stocks moving lower in pre-market trading include Telix Pharmaceuticals, NetApp, Urban Outfitters, Nutanix, Li Auto, and NVIDIA.
Cooper Companies Inc. (COO) reported its fiscal third-quarter earnings on Wednesday, with net income of $98.3 million, or 49 cents per share, beating Wall Street expectations. The company's earnings per share (EPS) of $1.10 exceeded the analyst consensus estimate of $1.07 per share [1].
The company's revenue for the quarter was $1.06 billion, which was in line with the average estimate of eight analysts surveyed by Zacks Investment Research, but slightly below the expected $1.07 billion [1]. Despite this, the company's free cash flow was robust at $165 million, with $52 million of stock repurchased during the quarter [2].
Cooper Companies expects its per-share earnings to range from $1.10 to $1.14 for the current quarter ending in October. The company also expects revenue in the range of $1.05 billion to $1.07 billion for the fiscal fourth quarter [1]. For the full year, the company expects earnings per share in the range of $4.08 to $4.12, with revenue ranging from $4.08 billion to $4.1 billion [1].
However, shares of Cooper Companies fell 14.5% in pre-market trading following the earnings report. The company's stock price was trading at $73.29 as of the latest update [3]. Other stocks moving lower in pre-market trading include Telix Pharmaceuticals, NetApp, Urban Outfitters, Nutanix, Li Auto, and NVIDIA.
References:
[1] https://www.sfchronicle.com/business/article/the-cooper-companies-fiscal-q3-earnings-snapshot-21018434.php
[2] https://finance.yahoo.com/news/cooper-companies-inc-coo-q3-070643381.html
[3] https://www.investing.com/equities/cooper-companies-inc
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