Cooper Tire (CTB) Misses Q1 EPS by 7c

Cooper Tire (NYSE: CTB) reported Q1 EPS of $0.69, $0.07 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $663 million versus the consensus estimate of $690.03 million.

utlook

First quarter raw material costs declined approximately 14 percent from the fourth quarter of 2014. The company anticipates that in the second quarter raw material costs will be down slightly from the first quarter, but that they will generally trend slightly higher during the second half of 2015.

The company expects its full year tax rate to be in a range of 30 percent to 35 percent. SG&A expense is forecast to be in a range of $260 million to $270 million in 2015. Capital expenditures for 2015 are expected to be between $205 million and $215 million.

For earnings history and earnings-related data on Cooper Tire (CTB) click here.

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