Cooper Companies initiates strategic review; shares jump

Shares of medical device maker Cooper Companies COO.O rise 11.64% to $86.00 after the bell

Co initiates a strategic review to enhance shareholder value

It expects fiscal 2026 adj. profit per share in the range of $4.45 to $4.60, above analysts' estimates of $4.39, according to data compiled by LSEG

Sees FY26 revenue between $4.30 bln and $4.34 bln, vs estimates of $4.32 bln

Reports Q4 adj. profit per share of $1.15, vs estimates of $1.11

Posts quarterly revenue of $1.07 bln, vs estimates of $1.06 bln

Stock down 16.2% YTD