AP NEWS

Cooper-Standard: 2Q Earnings Snapshot

July 31, 2018

NOVI, Mich. (AP) _ Cooper-Standard Holdings Inc. (CPS) on Tuesday reported second-quarter net income of $41.9 million.

The Novi, Michigan-based company said it had profit of $2.28 per share. Earnings, adjusted for one-time gains and costs, came to $2.74 per share.

The auto parts supplier posted revenue of $928.3 million in the period.

Cooper-Standard expects full-year revenue in the range of $3.6 billion to $3.7 billion.

Cooper-Standard shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $134.77, a climb of 32 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPS at https://www.zacks.com/ap/CPS

AP RADIO
Update hourly