Small Stocks Fall After Earnings (COO, ULTA, FNSR)

The Cooper Companies, Inc. (NYSE:COO) shares surged 6.76% to $44.04 after the company posted a wider than expected net earnings in the third quarter and guided above than expected earnings for the current quarter and the full year.

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The company said that its revenue grew 4% to $295.6 million from $285.23 million last year.

The company's net income jumped to $39.73 million or $0.86 a share from $21.91 million or $0.48 a share in the previous year. Excluding adjustments, net income for the quarter was $42.41 million or $0.91 per share.

Analysts were expecting the company to report earnings of 71 cents a share and revenue of $297.03 million.

The company trimmed its revenue outlook for the year to a range of $1.14 - $1.15 billion compared to its prior $1.1 billion to $1.17 billion.

But EPS is now expected to be in a range of $2.83 - $2.91, ahead of its prior estimate of $2.50 to $2.60. That’s well above the average $2.57-cent estimate.

The Cooper Companies, Inc. (Cooper) develops, manufactures and markets healthcare products, primarily medical devices through its two business units: CooperVision, Inc. (CVI) and CooperSurgical, Inc. (CSI).

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) shares soared 13.54% to $25.24 after the fragrance and cosmetics retailer beat the Street, and raised guidance.

During the fiscal second quarter the company said it $13.06 million, or 22 cents a share, compared with earnings of $ $5.75 million, or 10 cents a share in the year ago quarter.

Net sales during the quarter rose 17.6% to $321.8 million

Analysts were looking the company to report earnings of 18 cents per share on revenue of $314.86 million.

For the current year, the company projects earnings in a range of 18 - 20 cents a share and adjusted earnings in a range of $0.20 to $0.22 per share. Revenues for the third quarter are expected to be in a range of $324 - $330 million. Analysts currently sees the company to report earnings of 16 cents per share on revenue of $324.87 million.

Ulta Salon, Cosmetics & Fragrance, Inc. (Ulta) is a beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States.

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Finisar Corporation (NASDAQ:FNSR) climbed over 14% to $15.52 after the company beat the analysts estimates and provided a better than expected outlook for thye current quarter.

During the to a fiscal first-quarter the company reported an adjusted profit of 31 cents per share, topping the analysts’ estimates of 23 cents a share. Revenue grew 61.5% to $207.88 million from $128.72 million, beat the analysts estimates of $200.98 million.

For the fiscal second-quarter, the company sees sales to be in the range of $215 - $230 million. Analysts currently expect second-quarter sales of $206.21 million.

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