Cooper Companies shares fall 15.96% after-hours on fiscal Q3 results and guidance
Cooper Companies reported fiscal third-quarter results, completed its strategic review and issued fiscal fourth-quarter and full-year guidance. The stock closed down 6.22% at $63.48 before falling 15.96% to $53.35 in after-hours trading.
The Cooper Companies, Inc. shares fell 15.96% in after-hours trading Wednesday after the company reported fiscal third-quarter results, completed its strategic review and issued fiscal fourth-quarter and full-year guidance. The stock closed the regular session down 6.22% at 63.48, then dropped to 53.35 after hours. Third-quarter fiscal 2026 revenue rose 1% year over year to 1.066 billion, and non-GAAP diluted EPS was 1.15, up 4% from a year ago.
CooperVision revenue was flat, with Americas sales down 2% organically and Asia Pacific down 5% organically. CEO Al White said reduced U.S. channel inventory weighed on results and is expected to continue affecting the fourth quarter. CooperSurgical revenue grew 3% organically.
Cooper Companies expects fourth-quarter revenue The company now expects fiscal Q3 revenue of $1.057 billion to $1.080 billion and non-GAAP diluted EPS of $1.05 to $1.09. For full fiscal 2026, Cooper Companies guided to revenue of $4.229 billion to $4.252 billion and non-GAAP diluted EPS of $4.51 to $4.55. The company said its strategic review, first announced in December 2025, is complete. The board reviewed a possible sale of CooperSurgical and unanimously decided shareholders would be better served by keeping the business rather than pursuing a transaction.
The board also approved raising the share repurchase authorization from $2 billion to $3 billion. Cooper Companies has a market capitalization of $12.38 billion. The stock’s 52-week high is $89.83 and its 52-week low is $58.89. Shares are down 6.18% over the past year.