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Cooper Companies (COO) lowers FY2026 earnings and revenue forecasts due to slowing contact lens demand.
Cooper Companies (COO) lowered its fiscal 2026 earnings and revenue forecasts, citing weaker-than-expected contact lens demand impacting its CooperVision business. The company now anticipates adjusted earnings per share of $4.51-$4.55, down from its previous projection of $4.58-$4.66. Revenue guidance was reduced to $4.23 billion-$4.25 billion, from the prior $4.29 billion-$4.32 billion. Third-quarter revenue came in at $1.07 billion, below Wall Street's estimate of $1.1 billion, though adjusted EPS of $1.15 exceeded expectations. The company also decided to retain its CooperSurgical business instead of selling it.
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