Cooper Tire & Rubber Co. (CTB) Posts Q1 EPS of 71c

Cooper Tire & Rubber Co. (NYSE: CTB) reported Q1 EPS of $0.71, which may not compare with the analyst estimate of $0.49. Revenue for the quarter came in at $796 million versus the consensus estimate of $836.15 million.

Outlook

Raw material prices declined about 4% from the fourth quarter of 2013 to the first quarter of 2014. Management anticipates that second quarter raw material prices will be roughly flat sequentially compared to the first quarter. The long-term raw material outlook is for prices to generally trend higher with periods of volatility. Capital expenditures for 2014 are expected to be between $165 million and $175 million.

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

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