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COO Declines Despite Q1 Earnings Beat and Raised FY26 Outlook
The Cooper Companies (COO) reported stronger-than-expected first-quarter fiscal 2026 earnings and reaffirmed its full-year 2026 outlook, with revenues rising 6% year over year to $1.02 billion. Despite these positive results and an increase in adjusted EPS, the company’s stock declined in after-hours trading due to some segmental softness, particularly in the Asia Pacific region. Growth was primarily driven by its CooperVision segment, while the CooperSurgical segment also showed modest gains.