Cooper Companies drops after cutting annual forecast

The Cooper Companies

09/09/2026 23:29

** Shares of medical device maker Cooper Companies COO.O down 15.6% at $53.6 after the bell
** COO updates full year revenue outlook to between $4.23 billion and $4.25 billion, missing analysts' estimates of $4.31 billion, according to data compiled by LSEG
** Expects annual adjusted EPS of between $4.51 and $4.55, below estimates of $4.63
** Sees fourth-quarter revenue of $1.06 billion to $1.08 billion and adjusted EPS of $1.05 to $1.09
** A reduction in U.S. channel inventory weighed on results and is expected to continue affecting the current quarter
** Co completed a strategic review that included evaluating a potential sale of its CooperSurgical unit, but its board unanimously decided to retain the business
** As of last close, stock down 22.55% YTD
     

(Reporting by Zakia Mariyam in Bengaluru)
((Zakia.Mariyam@thomsonreuters.com))