On Wednesday, Cooper Companies Inc (NYSE:COO)’s shares inclined 0.90% to $149.93.
The Cooper Companies, Inc. (COO) declared financial results for the fiscal third quarter ended July 31, 2015.
- Revenue raised 7% year-over-year to $461.7 million. CooperVision (CVI) revenue up 10% to $385.5 million. CooperSurgical (CSI) revenue down 8% to $76.2 million.
- GAAP earnings per share (EPS) $0.91, down 89 cents or 49% from last year’s third quarter.
Third Quarter GAAP Operating Highlights
- Revenue $461.7 million, up 7% from last year’s third quarter, up 5% pro forma (defined as constant currency and counting Sauflon revenue in both periods).
- Gross margin 59% contrast with 65% in last year’s third quarter. Gross margin was negatively influenced primarily by currency and integration and facility start-up costs, offset in part by favorable product mix led by Biofinity. Not Taking Into Account integration and facility start-up costs, gross margin was 62% vs. 65% last year.
- Operating margin 11% contrast with 22% in last year’s third quarter. The decrease was primarily due to lower gross margins, litigation settlement costs and raised amortization arising from the Sauflon acquisition. On a non-GAAP basis, operating margin was 23% vs. 25% last year.
- Depreciation $41.4 million, up 61% from last year’s third quarter due primarily to $10.8 million of accelerated depreciation related to the Sauflon acquisition. Amortization $12.5 million, up 85% from last year’s third quarter primarily due to the Sauflon acquisition.
- Total debt reduced $39.8 million from April 30, 2015, to $1,307.9 million, primarily due to operational cash flow generation and subsequent debt pay down.
The Cooper Companies, Inc. operates as a medical device company worldwide. The company develops, manufactures, and markets a range of contact lenses, counting spherical lenses and toric and multifocal lenses that correct near and farsightedness, in addition to address various complex visual defects, such as astigmatism and presbyopia. It also offers medical devices, diagnostic products, and surgical instruments and accessories for healthcare professionals and institutions to support healthcare delivery to women in hospitals, clinician offices, and fertility clinics.
Web.com Group Inc (NASDAQ:WWWW)’s shares gained 0.66% to $22.80.
Web.com (WWWW), a leading provider of Internet services and online marketing solutions for small businesses, will host a free Web.com Small Business Summit designed to assist small business owners in the greater Charlotte area learn how to successfully enhance their business visibility and better market themselves online. The Web.com Small Business Summit will take place on Friday, September 18, 2015, from 8:30 a.m. - 12:00 p.m. at the NASCAR Hall of Fame in Charlotte, NC, as part of the Web.com Tour Small Business Connection Championship at River Run golf tournament. Experts from Web.com, Allstate, and Bank of America will be on hand to share their experiences and insights with the small business attendees.
Justin Leedy, director of marketing at Web.com, will lead the discussion at the Web.com Small Business Summit, and will share information and tools that small business owners can use to improve their financial and business capabilities; enhance their online visibility; and optimize their online marketing efforts.
Topics and content at the Web.com Small Business Summit will focus on ways small business owners can achieve a successful Internet presence, counting the elements of a great website, how to determine if their website is working for them, increasing traffic to their website and business, mobile marketing, and decoding how to efficiently market their business on Google, Facebook and Twitter.
Web.com Group, Inc. provides Internet services to small businesses in North America, South America, and the United Kingdom. The company offers a range of Web services and products that enable small businesses to establish, maintain, promote, and optimize their online presence.
At the end of Wednesday’s trade, Eros International plc (NYSE:EROS)‘s shares dipped -0.93% to $31.86.
Eros International, Plc (EROS), a leading global company in the Indian film entertainment industry, declared recently that it will host its inaugural investor day on Tuesday, October 13, 2015 in New York City at the Trump SoHo New York. Led by Executive Chairman, Kishore Lulla and Group Chief Executive Officer, Jyoti Deshpande, the live event will commence at 1:30 PM EDT with formal presentations from several members of the senior administration team, followed by a cocktail reception.
Eros International PLC, together with its auxiliaries, co-produces, acquires, and distributes Indian language films in various formats worldwide. The company distributes its film content across various distribution channels, such as theatrical, which comprises multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital platforms, which comprise of Internet protocol television, video on demand, and Internet channels, in addition to on-demand entertainment portals through Internet-enabled devices.
Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI), ended its Wednesday’s trading session with -1.29% loss, and closed at $12.28.
Fortress Transportation and Infrastructure Investors LLC (FTAI) declared that Joe Adams, FTAI Chief Executive Officer, will present at the 2015 JMP Securities Financial Services and Real Estate Conference on Monday, September 21, 2015, at 1:00 p.m. EDT at the St. Regis New York.
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people worldwide. It operates in five segments: Aviation Leasing, Offshore Energy, Shipping Containers, Crude-by-Rail Terminal, and Railroad.
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