Cooper Companies Q1 Profit Beats Estimates; Revenue Up 8% Pro Forma

(RTTNews) - The Cooper Companies, Inc. (COO) reported first quarter non-GAAP EPS of $1.93, up 10 cents or 5% from last year's first quarter. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.87 for the quarter. Analysts' estimates typically exclude special items. First quarter GAAP earnings per share was $1.53, up 48 cents or 46% from last year's first quarter.

First-quarter revenue was $499.1 million, up 11% from last year's first quarter, up 8% pro forma. Analysts expected revenue of $502.19 million for the quarter. CooperVision revenue was $389.3 million, up 7% from last year's first quarter, up 9% in constant currency.

The company updated its fiscal 2017 guidance. The company now expects: total revenue of $2.09-$2.13 billion; and non-GAAP earnings per share in the range of $9.10-$9.30.