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Thursday, June 7, 2012

Stock Alert - Cooper Companies (COO): FQ2 EPS of $1.12 misses by $0.08. Revenue of $344.6M (+6% Y/Y) misses by $6M -6/7/12

Cooper Companies (COO): FQ2 EPS of $1.12 misses by $0.08. Revenue of $344.6M (+6% Y/Y) misses by $6M.

Cooper Companies (COO): Q2 misses across the board on higher depreciation expenses and despite a 6% rise in total revenue Y/Y. Gross margin rose to 64% from 62% in the year-ago period. The company cuts guidance for the full year 2012 however, now expecting an EPS in the range of $4.88 to $5.15 per share on revenue of around $1.4B - $1.44B. The Street view is for $1.43B in revenue and an EPS of $5.16.Shares -5% AH.

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