This Week
  • Exporters back the controversial Trans-Pacific Partnership pact.

  • For CooperVision's Lisa Fawcett, a love of sales began with her father.

  • The Ginna nuclear power plant awaits a regulatory decision.

  • Graduate programs are focusing on spanning fields and solving real-world problems.

  • Pauleen Vacca prefers taking the long view to build her business.

  • It is clarity of mission that has united Brand Cool Marketing Inc. each year.

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 service@rbj.net.


What You're Saying 

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

Post Your Own Comment

 
Username:
Password:

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