Update: Cooper Shares Fall Pre-Bell After Fiscal Q3 Sales Miss Weighs on Adjusted Earnings Beat, Cut in Full-Year Guidance

05:45 AM EDT, 09/10/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Cooper Companies (COO) shares were down over 15% in Thursday's premarket activity after its fiscal Q3 sales miss overshadowed the earnings beat, and the company also scaled back its full-year outlook. The company reported fiscal Q3 adjusted earnings late Wednesday of $1.15 per diluted share, up from $1.10 a year earlier. Analysts polled by FactSet expected $1.12. Revenue for the three months ended July 31 was $1.07 billion, up from $1.06 billion a year earlier. Analysts expected $1.10 billion. For fiscal Q4, the company expects adjusted EPS of $1.05 to $1.09 on revenue of $1.06 billion to $1.08 billion. Analysts expect EPS of $1.19 on revenue of $1.11 billion. The company now expects full-year fiscal 2026 adjusted EPS of $4.51 to $4.55 on revenue of $4.23 billion to $4.25 billion. It earlier expected adjusted EPS of $4.58 to $4.66 on revenue of $4.29 billion to $4.32 billion. Analysts expect EPS of $4.63 on revenue of $4.31 billion. Separately, the company said it authorized an expansion of its share buyback program to $3 billion from $2 billion. It also completed its strategic review related to the sale of CooperSurgical, and concluded that shareholders would be better served by continued ownership than by a divestment at this time. Price: 53.68, Change: -9.80, Percent Change: -15.44