Tuesday, Cooper Companies Inc. (COO) reported fourth-quarter net income of $30.1 million or $0.66 per share, compared to $29.5 million or $0.65 per share in the same quarter last year.
On a non-GAAP basis, net income was $0.67 per share. Non-GAAP earnings excludes $0.9 million, or 1 cent per share, for the 2009 CooperVision manufacturing restructuring plan announced in August 2009.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.67 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter increased to $283.5 million from $266.8 million in the comparable quarter last year. Analysts expected the company to report revenue of $278.58 million for the quarter.
Looking ahead to the full year 2010, the company expects net revenue in the range of $1.10 billion - $1.16 billion with earnings in the range of $2.17 - $2.27 per share. On a non-GAAP basis, net income is expected to be in the range of $2.45 - $2.55 per share. Analysts currently anticipate the company to earn $2.45 per share on revenue of $1.13 million for the full year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.