Cooper Companies lifts annual revenue forecast on strong contact lens demand [Reuters]
The Cooper Companies, Inc. (COO)
Last the cooper companies, inc. earnings: 3/5 04:15 pm
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Source: Reuters
Feb 29 (Reuters) - Cooper Companies Inc (COO.O) , opens new tab raised its annual revenue forecast on Thursday, after beating Wall Street estimates for quarterly sales on the back of strong demand for its contact lenses. Its shares were up about 7% in extended trading. The company now sees 2024 revenue to range between $3.84 billion and $3.90 billion, from previously expected range of $3.81 billion to $3.88 billion and above analysts' estimate of $3.85 billion, according to LSEG data. Contact lens manufacturers like Cooper and Alcon (ALCC.S) , opens new tab are seeing strong growth in demand over the last few years, even though the shift in usage towards daily disposable lenses has led to supply constraints in the industry. In a post-earnings conference call, the company said the contact lens market "doesn't show any indications of slowing down." From a supply perspective, the company is in "a much better spot" compared to the start of the year, said Chief Executive Officer
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COO
Earnings
- 2/29/24 - Beat
COO
Sec Filings
- 5/1/24 - Form 8-K
- 4/18/24 - Form 144
- 4/9/24 - Form 144
- COO's page on the SEC website