Cooper Companies Q3 Profit Tops Estimate; Boosts FY13 Earnings Outlook

(RTTNews) - Cooper Companies, Inc. (COO) reported net income for the third quarter of $89.0 million or $1.79 per share, compared to $66.9 million or $1.36 per share for the year-ago quarter.

Excluding items, adjusted earnings for the third quarter were $1.74 per share, up from $1.45 per share in the prior year quarter.

Revenue for the third quarter rose 9% $411.99 million from $378.19 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $1.72 per share on revenue of $410.54 million for the third quarter. Analysts' estimates typically exclude special items.

Looking forward to the fourth quarter, the company forecasts revenue of $410 million to $425 million, earnings and adjusted earnings of $176 to $1.81 per share. Analysts currently expect the company to earn $1.78 per share on revenue of $421.07 million for the fourth quarter.

For the fiscal year 2013, the company now expects revenue of $1.586 billion to $1.601 billion, earnings of $6.57 to $6.62 per share and adjusted earnings of $6.23 to $6.28 per share. Previously, the company expected revenue of $1.575 billion to $1.605 billion, earnings of $6.42 to $6.52 per share and adjusted earnings of $6.15 to $6.25 per share.

Analysts currently expect the company to earn $6.22 per share on revenue of $1.60 billion for the fiscal year 2013.