NEW YORK (TheStreet) -- Cooper Companies (COO) - Get Report stock is falling 8.46% to $130.03 on heavy trading volume on Friday after the vision care company's 2015 fourth quarter earnings results missed analysts' expectations.
After the market close on Thursday, the Pleasonton, CA-based company reported earnings of $2 per share. Revenue decreased 3% year-over-year to $455.5 million.
Analysts were expecting the company to report earnings of $2.10 per share on revenue of $474.25 million.
Cooper said it expects 2016 adjusted earnings of $7.60 per share to $7.90 per share, lower than analysts' forecasts for 2016 earnings of $8.45 per share.
"As we enter fiscal 2016, we remain encouraged by our business trends and believe we are well positioned for sustained growth going forward," CEO Robert Weiss said in a statement.
So far today, 2.35 million shares of Cooper have traded, versus its 30-day average of about 447,000 shares.
Separately, TheStreet Ratings team rates COOPER COMPANIES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate COOPER COMPANIES INC (COO) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: COO
Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.