Why Cooper Companies (COO) Stock Is Slumping In After-Hours Today

NEW YORK (TheStreet) -- Shares of Cooper Companies Inc  (COO) are down -0.59% to $160 in after-hours today following the company's third quarter earnings report that missed analysts' estimates.

The medical devices company reported third quarter earnings of $1.80 per share, lower than the consensus estimate of $1.90 per share.

Revenue for the quarter was $432.5 million, missing the $444.7 million that analysts estimated.

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Separately, 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

COO Chart COO data by YCharts

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