The Cooper Companies Announces Expanded Share Repurchase Program

By Staff
Friday, March 24, 2017 12:23 AM PLEASANTON, Calif.—The Cooper Companies Inc., (NYSE:COO) a leading vision care company, announced earlier this week that its board of directors has approved a $500 million increase in the company’s share repurchase program.

Carl Zeiss Meditec Plans Share Issue to Raise 300 Million Euros for Acquisitions

By Staff
Wednesday, March 22, 2017 12:23 AM JENA, Germany—Carl Zeiss Meditec (ISIN: DE0005313704) said it would raise up to 300 million euros ($324 million) in a share issue to help finance acquisitions.

Highmark Health Posts Record 2016 Revenues, Vision Businesses Reach $1.6B in Revenues

By Staff
Monday, March 20, 2017 12:26 AM PITTSBURGH—Highmark Health reported record operating revenues of $18.2 billion for 2016, an increase of 3 percent over the prior year driven by higher patient volumes at Allegheny Health Network, growth
in Medicaid business, and the first full year of northeastern Pennsylvania operations at the Health Plan.

Canadian Retailer New Look Vision Reports Record Revenues and Adjusted Earnings for 2016

By Staff
Monday, March 20, 2017 12:23 AM MONTREAL, QUEBEC—New Look Vision Group Inc. (BCI.TO) reported last week that recent acquisitions and organic growth helped the company achieve record revenue and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in both the fourth quarter and fiscal year ended Dec. 31, 2016.

Safilo Group Reports Slight Decline in FY ’16 Sales, While Going-Forward Brands Rise

By Staff
Friday, March 17, 2017 12:26 AM PADOVA, Italy—The board of directors of Safilo Group S.p.A. (SFLG.MI) approved the company’s consolidated financial statements for the year ended Dec. 31, 2016.

SPY Reports Profitable Net Income Year for 2016, Cites Strong Start for 2017

By Staff
Friday, March 17, 2017 12:23 AM CARLSBAD, Calif—For the first time in more than a decade, SPY achieved its highest operating income, first profitable net income year, lowest operating expenses as a percent of sales along with its highest gross profit percent and lowest level of debt in 2016, according to a statement from the company about its year-end results.

Second Sight’s Net Sales Fell in Full Year 2016 and Fourth Quarter

By Staff
Monday, March 13, 2017 12:23 AM SYLMAR, Calif.—Second Sight Medical Products (NASDAQ:EYES), makers of the Argus II retinal implant, reported sales decreases for both the 12- and three-month periods ended Dec. 31, 2016.

Start-up Hubble Gets Funding for Contact Lens Subscription Service

By Staff
Wednesday, March 8, 2017 12:23 AM NEW YORK—Hubble, an e-commerce company that offers a subscription service for its own brand of contact lenses, has raised a new round of $16.5 million in a Series A round of funding, which was supported by several venture capital groups.

Think About Your Eyes Reports 1.15 Million More Eye Exams Attributable to 2016 Campaign

By Staff
Monday, March 6, 2017 12:30 AM ALEXANDRIA, Va.—Think About Your Eyes (TAYE) is celebrating a momentous year after receiving final validated exam growth data for 2016, provided by The Vision Council’s VisionWatch market research team.

Luxottica Reports Higher Sales, Earnings for FY 2016

By Staff
Friday, March 3, 2017 12:29 AM MILAN—Luxottica Group (NYSE: LUX) reported that its net sales rose to €9,086 million for the fiscal year ending Dec. 31, 2016, an increase of 3.9 percent at constant exchange rates and 2.8 percent at current exchange rates.

The Cooper Companies Revenue Increases in First Quarter 2017

By Staff
Friday, March 3, 2017 12:26 AM 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.

Contact Lens Company Visioneering Technologies Sets Terms of Initial Public Offering

By Staff
Friday, March 3, 2017 12:23 AM ALPHARETTA, Ga.—Visioneering Technologies Inc. (VTI), a medical device company based here, announced this week the opening of its fully underwritten initial public offering, which the company said will raise $33.3 million (Australian dollars).

Johnson & Johnson Vision Is Created With Completion of J&J’s Acquisition of AMO

By Staff
Wednesday, March 1, 2017 12:24 AM NEW BRUNSWICK, N.J.— Johnson & Johnson (NYSE: JNJ) announced an updated organizational and leadership structure this week for what will now be known as Johnson & Johnson Vision (J&J Vision), effective with the completion of the acquisition this week of Abbott Medical Optics (AMO), a wholly-owned subsidiary of Abbott.

Essilor’s 2016 Revenue Rises 7.6 Percent

By Staff
Monday, February 20, 2017 12:23 AM CHARENTON-LE-PONT, France—Essilor International (Reuters: ESSI.PA) posted consolidated revenue of €7,115 million for the year ended Dec. 31, 2016, an increase of 7.6 percent excluding the currency effect.

Valeant and Pershing Square Reach an Agreement on Cost-Sharing Related to Allergan Litigation

By Staff
Friday, February 17, 2017 12:23 AM LAVAL, Quebec—Valeant Pharmaceuticals International has entered into an agreement with William Ackman and his Pershing Square Capital Management group that covers the distribution of legal and settlement costs related to a long-running battle with Allergan shareholders, according to a Securities and Exchange Commission filing earlier this week.
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