Cooper Companies Q4 Adj $3.47 Misses $3.48 Estimate, Sales $927.10M Beat $925.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cooper Companies (NYSE:COO) reported Q4 adjusted earnings of $3.47 per share, slightly missing the consensus estimate of $3.48. However, the company's sales of $927.10M exceeded the estimate of $925.03M. Compared to the same quarter last year, earnings increased by 26.18% and sales by 9.31%.
December 07, 2023 | 9:38 pm
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Cooper Companies reported a slight miss in Q4 adjusted EPS at $3.47 versus the expected $3.48, but surpassed sales estimates with $927.10M against the forecasted $925.03M.
The slight miss in earnings per share (EPS) is typically considered negative for stock performance, but the beat on revenue and the significant year-over-year growth in both earnings and sales may counterbalance the EPS miss. The mixed results present a neutral short-term outlook for the stock as investors digest both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100