companies

Cooper Companies Report ‘Solid’ Financial Results and Market-Share Gains in Third Quarter

PLEASANTON, Calif.—The Cooper Companies Inc. (NYSE:COO) reported “solid results” for its third quarter that reflect “market-share gains” and improved profitability, president and chief executive officer Robert S. Weiss said in the financial announcement late Thursday. The company said revenue for the quarter ended July 31 increased 7 percent year-over-year to $556 million (at constant currency exchange). At the business-unit level, CooperVision (CVI) revenue rose 8 percent to $437.3 million (at constant exchange) and CooperSurgical (CSI) revenue increased 13 percent to $118.7 million, according to the announcement. “This was another solid quarter with market-share gains, improving profitability and strong cash generation,”…


The Cooper Companies Revenue Increases in First Quarter 2017

PLEASANTON, Calif—The Cooper Companies (NYSE:COO) announced that revenue for the fiscal first quarter ended Jan. 31, 2017 increased 11 percent year-over-year to $499.1 million or 8 percent pro forma. Commenting on the results, Robert S. Weiss, Cooper’s president and CEO said, “We are very pleased to report a strong first quarter. CooperVision continued gaining market share driven by growth in Biofinity and daily silicone hydrogel products while CooperSurgical continued its growth driven by fertility. Our business fundamentals remain strong and we remain excited about the future.” CooperVision (CVI) revenue was $389.3 million, which is up 7 percent from last year’s…


PogoTec Partners With Frame and Sunwear Companies on New Wearable Device

These ClearVision Optical frames show PogoTec’s PogoTrack (top) and PogoCam (below).​ LAS VEGAS, Nev.—Wearable tech eyewear startup PogoTec announced that it is partnering with four optical frame and sunglass companies to launch its first product, a small, frame-mounted camera that attaches to fashionable eyewear. The device, known as PogoCam, is being unveiled this week at CES 2017. Each of the four companies—ClearVision Optical, FGX International, Argus Vision and Vista Eyewear—plans to introduce ophthalmic frame or sunwear collections featuring PogoTrack, a proprietary system developed by PogoTec that features a thin, magnetized track located on the outside of a frame temple. PogoTrack…


The Cooper Companies, Parent Company of CooperVision, Joins Standard & Poor’s 500 Index

PLEASANTON, Calif.—CooperVision, Inc. announced that its parent company—The Cooper Companies (NYSE:COO)—was added to the Standard Poor’s 500 Index after the close of the U.S. markets on Sept. 22. The company, which is part of the health care sector of the index, joins well-known companies including Apple, Google, PG and others. “This is a great accomplishment for The Cooper Companies and for CooperVision as we play an integral role in the organization’s collective success,” said Dan McBride, executive vice president, chief operating officer of The Cooper Companies and president of CooperVision. “Being named to the SP 500 Index recognizes our performance…


Two Optical Tech Companies Are Finalists for AAL Smart Ageing Challenge Prize

GiveVision’s SightPlus, a wearable, hands-free, vision-enhancement application powering smart glasses to assist visually impaired people.​ BRUSSELS—Two optical technology companies are among the 15 finalists that have been shortlisted for the AAL Smart Ageing Challenge prize, which is offering €50,000 for the best innovation that uses the Internet of Things to empower older adults to achieve the quality of life they aspire to, socially and independently. The competition is sponsored by Active and Assisted Living Programme, a Brussels-based organization dedicated to supporting research into innovative ICT-enhanced services (information and communication technology) for ageing. After receiving close to 200 entries from all…