Cooper-Standard: 2Q Earnings Snapshot
Jul. 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.