(By Salman - iStockAnalyst Writer)
Late on Thursday, Cooper Companies Inc. (NYSE: COO) reported that its fiscal first quarter net income increased to $23.87 million or 53 cents a share from $6.88 million or 15 cents a share in the year ago quarter. Revenue rose 3% to $251.14 million from $242.77 million. Analysts on average were looking for earnings of 38 cents share on revenue of $244.85 million. President and CEO Robert S. Weiss commented "We are very pleased with our first quarter results, especially given the challenging global economic environment. Both businesses posted revenue growth, and CooperVision recently launched Proclear(r) 1 Day in Japan and Biofinity(r) toric in the U.S. and Europe. Additionally, our cost control efforts resulted in strong operating results that position us well to meet our financial goals for the remainder of this year." Shares of the company rose 4.11% in extended trading.

Finisar Corp. (NASDAQ: FNSR) announced a wider third-quarter loss of $47.36 million or 10 cents a share, compared to a loss of $11.49 million or 4 cents a share in the prior year quarter. Quarterly Revenue jumped 20.9% to $136.36 million from $112.74 million. Analysts on an average had forecast earnings of break even per share for the quarter on revenue of $137.72 million for the quarter. Jerry Rawls, executive Chairman of the Board, said in a statement "Despite the difficult economic environment, we have made significant progress in qualifying new products at a number of customers. Nevertheless, we believe revenue for the upcoming fourth quarter will be sequentially lower, although the weakness appears to be concentrated at a small number of customers."

Fuel Systems Solutions Inc. (NASDAQ: FSYS) said that its fourth quarter net income tumbled to $0.64 million or 4 cents a share from $4.83 million or 31 cents a share in the same quarter, a year ago. Revenue increased 5.7% to $84.27 million from $79.71 million. Analysts on average had anticipated earnings of 42 cents a share on revenue of $91.42 million. CEO Mariano Costamagna stated "2008 was a transformational year. We achieved critical mass and demonstrated the strength of our business model. Fuel Systems Solutions posted record revenues and, more notably in the current economic context, record profitability. Our earnings capacity and our ability to deliver our engineering and manufacturing capabilities across a variety of end-user markets distinguish Fuel Systems in the alternative energy sector." Fuel Systems fell 4.87% in late trading.

Intrepid Potash Inc. (NYSE: IPI) reported that its fourth quarter net income surged to $22.69 million or 30 cents a share from $4.69 million or 6 cents a share in the year earlier quarter. Revenue climbed to $79.49 million from $56.32 million. Consensus estimates were for earnings of 30 cents a share on revenue of $77.71 million for the quarter.