Profit rose across surgical and vision businesses

  • Cooper Cos. reports higher revenue in 4Q
  • Profit rose across surgical and vision businesses
  • Earnings per share came in at $3.47
  • Revenue climbed about 9% to $927.1 million
  • CooperVision segment revenue increased by 11%
  • CooperSurgical business reported a 6% gain in revenue

Cooper Cos. announced a rise in revenue for its fiscal fourth quarter, driven by growth in both its surgical and vision businesses. The company reported a profit of $84.5 million, or $1.70 per share, compared to $65.6 million, or $1.32 per share, in the same period last year. Adjusted earnings per share came in at $3.47, slightly below analysts’ expectations of $3.48. Revenue increased by approximately 9% to $927.1 million, surpassing analysts’ forecast of $924.6 million. The CooperVision segment experienced an 11% increase in revenue, reaching $622.9 million, while the CooperSurgical business reported a 6% gain in revenue, totaling $304.2 million.

Factuality Level: 8
Factuality Justification: The article provides specific financial figures and compares them to the previous year. It also includes information on analysts’ expectations and how the company performed in relation to those expectations. The information provided is objective and based on factual data.
Noise Level: 3
Noise Justification: The article provides straightforward financial information about Cooper Cos.’s profit and revenue growth in its surgical and vision businesses. It includes relevant data such as the company’s earnings per share and revenue figures, as well as comparisons to previous periods and analysts’ expectations. There is no irrelevant or misleading information, and the article stays on topic without diving into unrelated territories. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It also does not provide actionable insights or solutions. Overall, the article is informative but lacks depth and critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: Cooper Cos.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the financial performance of Cooper Cos. in its fiscal fourth quarter.
Public Companies: Cooper Cos. (COO)
Key People:

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