Cooper Tire: 2Q Earnings Snapshot
Aug. 06, 2018
FINDLAY, Ohio (AP) _ Cooper Tire & Rubber Co. (CTB) on Monday reported second-quarter earnings of $15 million.
The Findlay, Ohio-based company said it had profit of 30 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The tire maker posted revenue of $698.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $675.4 million.
Cooper Tire shares have declined 21 percent since the beginning of the year. The stock has fallen 23 percent in the last 12 months.