Cooper Cos. (COO) Tops Q4 EPS by 1c, Beats on Revenues; Offers FY18 EPS/Revenue Guidance

Cooper Cos. (NYSE: COO) reported Q4 EPS of $2.65, $0.01 better than the analyst estimate of $2.64. Revenue for the quarter came in at $561.5 million versus the consensus estimate of $558.3 million.

• Fourth quarter revenue increased 8% year-over-year to $561.5 million. Fiscal 2017 revenue increased 9% to $2,139.0 million.
• Fourth quarter GAAP diluted earnings per share (EPS) $1.78, up 55 cents or 45% from last year’s fourth quarter. Fiscal 2017 GAAP EPS $7.52, up 35% from fiscal 2016.
• Fourth quarter non-GAAP diluted EPS $2.65, up 37 cents or 16% from last year’s fourth quarter. Fiscal 2017 non-GAAP EPS $9.70, up 15% from fiscal 2016. See “Reconciliation of GAAP Results to Non-GAAP Results” below.

GUIDANCE:

Cooper Cos. sees FY2018 EPS of $11.35-$11.65, versus the consensus of $11.53. Cooper Cos. sees FY2018 revenue of $2.48-2.53 billion, versus the consensus of $2.14 billion.

For earnings history and earnings-related data on Cooper Cos. (COO) click here.

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