NEW YORK (TheStreet) -- Cooper Companies (COO) shares are down -1.2% to $129.50 in after-hours trading following the release of its second quarter earnings results after the closing bell on Thursday.
The company reported a 7% year over year quarterly increase in sales to $412.3 million, slightly ahead of analysts consensus $412 million estimates.
The company also reported net income of $79.2 million, or $1.62 per diluted share, 2 cents better than analysts exceptions.
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The company raised the low end of its full year guidance to between $6.80 - $7 from $6.75 - $7.
TheStreet Ratings team rates COOPER COMPANIES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate COOPER COMPANIES INC (COO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."