Cooper Companies Incorporated (COO) revealed over $56 million in fourth quarter net income, representing $1.15 per share, which is a considerable improvement from last year’s $48 million performance, representing $1 per share. The latest quarter also posted a non-GAAP net income of nearly $72 million, or $1.46 per share. Net sales for the quarter increased to $361 million compared to slightly over $313 million in the preceding quarter.
Cooper Companies is a publicly listed holding company on the NYSE and is in the business of serving the needs of healthcare professionals, improving the living standards of its employees and customers and giving market leading health products.
Technically, Cooper Companies, currently trading at $67 is situated at the crossroads. The recent low, of $57.46 acts as a support for the stock that should be looking to break the $80 level and establish a new all-time high, breaching the $83.45 figure, recorded in February 2005.