This Week
  • FBI agents have launched a criminal probe involving Bristol Instruments Inc.

  • Dryden Theatre's Malin Kanis hopes to get more young adults in the theater's seats.

  • Doctors and researchers are tapping powerful computers to improve outcomes.

  • Best Lawyers in Rochester guide can help you obtain legal representation.

  • The Business Person of the Year finalists for 2015 are profiled.

  • Ex-Kodak manager Janice Gouldthorpe leads the Genesee Center for the Arts & Education.

Cooper Cos. shares drop after Q4 earnings miss

Rochester Business Journal
December 6, 2013

Shares of Cooper Cos. Inc. stock sank some 6 percent by midday Friday after the company’s fiscal fourth-quarter adjusted earnings missed expectations.

The California-based company is the parent of Perinton-based CooperVision Inc., which has 1,084 employees in the Rochester region.

CooperVision logged revenues of $327.1 million in the fourth quarter, up 3 percent, or 6 percent in constant currency. For the year, CooperVision revenues climbed 7 percent, to $1.27 billion.

Cooper Cos. stock (NYSE: COO) mid-afternoon was trading at $125.58, down $8.15 a share. The company reported its results after the market closed Thursday.

Cooper Cos. reported adjusted earnings attributable to Cooper stockholders of $1.48, up a penny or 1 percent, a year ago.

Analysts polled by Thomson Reuters had anticipated adjusted earnings of $1.80 a share on revenue of $422 million, AP reported.

Cooper Cos. logged revenues of $411.9 million, up 4 percent. Its net income for the quarter was $57.4 million, or $1.15 a share, down 31 cents, or 21 percent.

For the year, Cooper Cos. posted adjusted earnings per share of $5.95, up 15 percent from fiscal 2012. Fiscal 2013 revenue increased 10 percent to $1.59 billion.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google