Cooper Posts Solid Growth in Both Vision and Surgical; Maintaining $230 FVE After 3Q Results
Cooper Companies executed well in the third quarter with strong growth in both its vision and surgical segments. Management updated fiscal 2018 guidance to account for greater-than-expected currency headwinds, slightly offset by excess tax benefits, but we do not expect a material change to our fair value estimate of $230 per share. In line with our expectations, CooperVision revenue increased 9% from last year in constant currency, and CooperSurgical revenue was up 6%. Further, the company cont...Cooper Companies is a global medical device company. The company operates through CooperVision and CooperSurgical business units. CooperVision is a manufacturer providing products for contact lens wearers. CooperVision designs its products for astigmatism, presbyopia, myopia, ocular dryness and eye fatigues with a collection of spherical, toric and multifocal contact lenses. CooperVision is engaged in myopia management and specialty eye care markets with products, such as orthokeratology and scleral lenses. CooperSurgical focuses on improving the health of women, babies and families through a portfolio of products and services including medical devices, fertility, diagnostics and contraception.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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