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Cooper Cos.: Fiscal 3Q Earnings Snapshot

SAN RAMON, Calif. (AP) _ The Cooper Cos. (COO) on Thursday reported fiscal third-quarter net income of $55.2 million.

The San Ramon, California-based company said it had net income of $1.12 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $2.28 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The surgical and contact lens products maker posted revenue of $578.2 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $536.3 million.

For the current quarter ending in October, Cooper Cos. expects its per-share earnings to range from $3 to $3.20. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.86.

The company said it expects revenue in the range of $665 million to $693 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $662.5 million.

Cooper Cos. shares have declined 4.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $306.81, an increase of slightly more than 2% in the last 12 months.

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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