Categories Earnings, Health Care

Earnings Summary: CooperCompanies (COO) reports Q2 2023 financial results

Medical device maker CooperCompanies (NYSE: COO) has announced financial results for the second quarter of 2023, reporting lower earnings despite an increase in revenues.

  • Second-quarter revenue rose 6% year-over-year to $877.4 million; CooperVision revenue rose 6% and CooperSurgical revenue moved up 4%
  • Net earnings per share, including special items, came in at $0.80, down 69% from last year’s earnings of $2.55
  • Net income was $39.8 million in the April quarter, compared to $126.6 million in Q2 2022
  • Adjusted earnings decreased to $3.08 per share in Q2 from $3.24 per share in the same period of last year
  • The operating margin was 11%, lower than the 16% margin reported a year earlier
  • Cash provided by operations totaled $124.2 million and free cash flow came in at $50.6 million

Most Popular

GIS Earnings: All you need to know about General Mills’ Q2 2025 earnings results

General Mills, Inc. (NYSE: GIS) reported its second quarter 2025 earnings results today. Net sales increased 2% year-over-year to $5.2 billion. Organic sales were up 1%. Net earnings attributable to

Earnings Preview: Accenture (ACN) likely had a strong start to fiscal 2025

For Accenture plc. (NYSE: ACN), 2024 was a fruitful year marked by positive financial performance. The professional service firm effectively navigated a challenging market environment leveraging its agile business model

Signet Jewelers (SIG): Fashion remains a strong point for the jewelery retailer

Shares of Signet Jewelers Limited (NYSE: SIG) were down over 3% on Tuesday. The stock has dropped 12% over the past three months. The company faced challenges in the third

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top