Cooper Companies, Inc. (COO) reported net income for the first quarter of $74.7 million or $1.50 per share, compared to $54.6 million or $1.12 per share for the year-ago quarter.
Excluding items, adjusted earnings for the latest quarter were $1.23 per share.
Net sales for the first quarter rose 16% to $379.84 million from $326.06 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to earn $1.19 per share on revenue of $364.90 million for the first quarter. Analysts' estimates typically exclude special items.
For the fiscal year 2013, the company now forecasts revenue of $1.575 billion to $1.625 billion, earnings of $$6.22 to $6.37 per share and adjusted earnings of $5.95 to $6.10 per share. Previously, the company forecast revenue of $1.565 billion to $1.625 billion, earnings of $5.90 to $6.10 per share and adjusted earnings of $5.90 to $6.10 per share.
Analysts currently expect the company to earn $6.03 per share on revenue of $1.60 billion for the fiscal year 2013.
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