Cooper Companies Inc. (COO) reported net income for the third quarter of $21.91 million or $0.48 per share, compared to $17.88 million or $0.39 per share in the year-ago quarter.
Excluding items, non-GAAP net income for the third quarter of 2009 was $0.54 per share.
Net sales for the quarter increased to $285.23 million from $278.51 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.62 per share, on revenues of $288.84 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead, the company expects fourth quarter earnings per share to be in the range of $0.56 - $0.58and non-GAAP earnings per share in the range of $0.66 - $0.68. Revenues for the fourth quarter is expected to be between $271 million - $285 million.
Analysts currently expect earnings of $0.60 per share on revenues of $280.27 million for the fourth quarter.
For the full year, the company now expects earnings of $2.11 - $2.13 per share, non-GAAP earnings of $2.27 - $2.29 per share on revenues of $1.07 billion - $1.08 billion.
Analysts currently expect earnings of $2.30 per share on revenues of $1.08 billion for the full year.
Previously, the company projected earnings in the range of $2.16 to $2.36, with revenues expected in the range of $1.03 billion to $1.10 billion.
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