Cooper Companies Q2 Profit Tops Estimate

(RTTNews) - Cooper Companies, Inc. (COO) reported net income for the second quarter of $79.2 million or $1.62 per share, compared to $75.1 million or $1.52 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $80.1 million or $1.64 per share.

Revenue for the secind quarter rose 7% to $412.32 million from $384.04 million in the same quarter last year.

Analysts polled by Thomson REuters expected the company to earn $1.60 per share on revenue of $411.41 million for the second quarter. Analysts' estimates typically exclude special items.

For the fiscal year 2014, the company continues to forecast revenue of $1.685 billion to $1.725 billion. The company now expects earnings of $$6.78 to $7.00 per share and adjusted earnings of $6.80 to $7.00 per share. Previously, the company expected both earnings and adjusted earnings of $6.75 to $7.00 per share.

Analysts currently expect the company to earn $6.83 per share on revenue of $1.71 billion for the fiscal year 2014.