By Kelly Cloonan
Shares of CooperCompanies gained after the company logged higher sales in its latest quarter that topped Wall Street's estimates.
The stock rose 4.8% to $65.01 in after-hours trading on Thursday. Through market close, shares were down 24% year to date.
The medical device company said revenue rose 8% to $1.08 billion in the second quarter, topping analyst estimates of $1.05 billion, according to FactSet.
Chief Executive Al White said the results were supported by new product launches and favorable demand drivers.
CooperCompanies also posted a second-quarter loss of $77.9 million, or 40 cents a share, compared with a profit of $87.7 million, or 44 cents a share, a year earlier. The loss was driven by a litigation-related charge to resolve outstanding claims associated with a 2023 voluntary product recall at CooperSurgical, the company said.
Adjusted earnings per share were $1.21, above FactSet analyst estimates of $1.10 a share.
For the full year, the company now expects revenue of $4.29 billion to $4.32 billion, compared with $4.31 billion to $4.35 billion previously. It continues to project adjusted earnings per share of $4.58 to $4.66.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 04, 2026 18:49 ET (22:49 GMT)
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