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Cooper Fiscal Q2 Non-GAAP EPS, Net Sales Rise; Full Year Outlook Raised, Shares Advance
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Cooper Fiscal Q2 Non-GAAP EPS, Net Sales Rise; Full Year Outlook Raised, Shares Advance
May 30, 2024 2:13 PM

04:57 PM EDT, 05/30/2024 (MT Newswires) -- Cooper (COO) on late Thursday reported fiscal Q2 non-GAAP diluted earnings per share of $0.85, up from $0.77 last year.

Analysts polled by Capital IQ expected a normalized EPS of $0.83.

Net sales for the quarter ended April 30 were $942.6 million, up from $877.4 last year.

Analysts surveyed by Capital IQ expected $949.4 million.

For fiscal year 2024, the company expects non-GAAP diluted EPS of $3.54 to $3.60, versus its February guidance of $3.50 to $3.58.

The company also forecasts its 2024 revenue to be $3.86 billion to $3.91 billion, compared with its prior outlook of $3.85 billion to $3.90 billion.

Analysts polled by Capital IQ expect EPS of $3.55 on revenue of $3.88 billion.

Shares of the company were up 4.2% in after-hours activity.

Price: 94.00, Change: +3.77, Percent Change: +4.18

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