PLEASANTON, Calif. (AP) _ The Cooper Cos. (COO) on Thursday reported fiscal first-quarter profit of $75.8 million.
On a per-share basis, the Pleasanton, California-based company said it had net income of $1.53. Earnings, adjusted for non-recurring costs, came to $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The surgical and contact lens products maker posted revenue of $499.1 million in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $502.7 million.
Cooper Cos. expects full-year earnings in the range of $9.10 to $9.30 per share, with revenue in the range of $2.09 billion to $2.13 billion.
Cooper Cos. shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $201.14, a rise of 40 percent 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
Keywords: Cooper Cos., Earnings Report