
Retail chatter around Cooper Companies spiked on Thursday after the medical device manufacturer upgraded its fiscal 2025 guidance following solid second-quarter (Q2) results.
The stock closed at $79.96, down 0.2% on Thursday, before sliding another 4.95% to $76.00 in after-hours trading.
The company lifted its non-GAAP diluted EPS guidance between $4.05 and $4.11, exceeding their earlier forecasted range of $3.94 to $4.02 and the analysts' consensus of $3.99.
Cooper Companies now expects its revenue to be between $4.11 billion and $4.15 billion, down from the earlier forecast of $4.08 billion to $4.16 billion.
The company raised its guidance after reporting a 6% year-over-year revenue increase in Q2, which reached $1.002 billion and included solid results from the CooperVision (CVI) and CooperSurgical (CSI) segments.
Non-GAAP EPS hit $0.96, up 14% due to improved margins and enhanced operational effectiveness.
The firm recorded a 5% growth in revenue to $669.6 million on the back of increased daily silicone hydrogel lens sales and regional market expansion.
Meanwhile, CooperSurgical revenue climbed by 8%, totaling $332.7 million, due to increased sales from its office and surgical product lines.
On Stocktwits, retail sentiment was ‘bullish’ amid a 700% surge in 24-hour message volume.
The stock has declined 11.8% so far in 2025.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.