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Cooper Cos. Stock Drops After Soft Outlook, News It Won’t Seek Deal
Shares of Cooper Cos. plummeted Thursday.Credit: Spencer Platt / Getty ImagesKEY TAKEAWAYSCooper Cos. shares dropped after the company issued a weaker-than-expected fiscal Q4 outlook.The company’s Q3 revenue missed estimates, while adjusted earnings per share narrowly beat expectations.Shares of Cooper Cos. are pacing the S&P 500’s decliners Thursday after the maker of medical devices reported mixed results, issued soft guidance and wrapped up a strategic review without plans to seek a deal.Cooper (COO) shares were recently down more than 13%. The San Ramon, Calif.-based firm late yesterday…
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