Categories Earnings, Health Care

Earnings Summary: Here’s how CooperCompanies (COO) performed in Q3 2023

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

  • Third-quarter revenue increased 10% year-over-year to $930.2 million; CooperVision and CooperSurgical revenues rose 11% and 8% respectively
  • Net income declined to $85.3 million or $1.71 per share in the July quarter from $98.4 million or $1.98 per share a year earlier
  • Adjusted earnings per share rose 5% annually to $3.35 during the three-month period
  • Gross margin was 66%, up from 65% in last year’s third quarter
  • Operating margin decreased to 16% in Q3 from 17% in the comparable period of 2022; adjusted operating margin was 24%
  • Interest expense came in at $26.8 million, up from $17.1 million reported a year earlier
  • Operating cash flow totaled $142.5 million; adjusted for capital expenditures of $90.9 million, free cash flow was $51.6 million

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

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