SAN RAMON, Calif. (AP) _ The Cooper Cos. (COO) on Thursday reported fiscal first-quarter earnings of $2.1 billion.
The San Ramon, California-based company said it had net income of $42.31 per share. Earnings, adjusted for non-recurring gains, were $3.17 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.77 per share.
The surgical and contact lens products maker posted revenue of $680.5 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $660 million.
Cooper Cos. expects full-year earnings in the range of $12.90 to $13.10 per share, with revenue in the range of $2.8 billion to $2.85 billion.
Cooper Cos. shares have risen slightly more than 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $371.56, an increase of roughly 10% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COO at https://www.zacks.com/ap/COO
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