CooperCompanies Stock Rises After 2Q Rev Increases, Topping Analyst Estimates

Dow Jones
Jun 05

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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