Cooper Companies' Shares Drop Over 13% After Disappointing Earnings Report
On September 10, 2026, Cooper Companies Inc (NASDAQ: COO) shares fell approximately 13.9%, driven by a disappointing earnings report and weak guidance for the fourth quarter. While the company beat adjusted EPS estimates at $1.15 per share in Q3, revenue of $1.07 billion missed expectations. The key issue was its Q4 forecast of $1.05 to $1.09 per share, which fell below Wall Street's estimate of $1.19. Investors were also disappointed by the company’s decision not to sell CooperSurgical after a strategic review. This removed an anticipated deal catalyst that had previously driven up stock prices. Additionally, ongoing pressure from lower inventory at U.S. contact-lens distributors is expected to hurt performance in Q4 2026. The Motley Fool analysts did not recommend buying COO shares and highlighted other stocks with better long-term growth potential.
Topics: Cooper Companies medical devices Q3 earnings report stock decline