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Cooper Companies beats quarterly estimates on strong contact lenses demand
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Cooper Companies beats quarterly estimates on strong contact lenses demand
Jun 4, 2026 2:29 PM

June 4 (Reuters) - Cooper Companies ( COO ) beat Wall

Street estimates for second-quarter profit and revenue on

Thursday, helped by sustained demand for its contact lenses.

Contact lens makers, including Cooper and Bausch + Lomb ( BLCO )

, are expected to benefit this year from the shift to

premium daily disposable lenses and growing global demand for

vision correction.

However, the company lowered its annual revenue forecast and

kept its profit outlook unchanged.

It expects fiscal 2026 revenue of $4.29 billion to $4.32

billion, compared with its prior forecast of $4.31 billion to

$4.35 billion. The company maintained its annual adjusted profit

per share forecast of $4.58 to $4.66.

Analysts on average expect 2026 revenue of $4.32 billion and

profit of $4.62 per share, according to data compiled by LSEG.

Shares of the San Ramon, California-based company were

marginally down in extended trading.

For the second quarter, revenue came at $1.08 billion, above

analysts' average estimate of $1.05 billion.

Cooper Vision, its contact lens business, posted

second-quarter revenue of $723.5 million, topping estimates of

$710.2 million.

The segment's Asia-Pacific revenue fell 6% to $130.6 million

from a year ago. Analysts have previously flagged that

Asia-Pacific remains an area of focus for contact lens makers

after pockets of weakness in the region weighed on the market.

Cooper Surgical, its fertility products and women's health

devices unit, generated $358 million in quarterly revenue.

The company also said it had reached agreements to resolve

substantially all of the claims related to CooperSurgical's

fertility media recall.

Cooper's quarterly adjusted profit of $1.21 per share

surpassed estimates of $1.10.

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