Cooper Companies cuts annual profit forecast on weak contact lens demand
Cooper Companies (NASDAQ:COO) lowered its annual profit forecast and posted third-quarter revenue below Wall Street estimates. Weak demand for its contact lenses weighed on sales, sending shares down about 15% in extended trading.
Cooper Companies lowered its annual profit forecast on Wednesday and said third-quarter revenue came in below Wall Street estimates, with weak contact lens demand weighing on sales. Shares of the San Roman, California-based company fell about 15% in extended trading.