Cooper Tire & Rubber Co. (CTB) Q2 EPS of $0.59

Cooper Tire & Rubber Co. (NYSE: CTB) reported Q2 EPS of $0.59, which may not compare to the analyst estimate of $0.80. Revenue for the quarter came in at $889 million versus the consensus estimate of $863.3 million.

”We continued our strong performance in what is usually a seasonally weak quarter, posting very good volume growth in most geographic regions. Pricing decreased, mainly driven by lower raw material costs, but the 10-percent global unit growth, along with our focus on cost reductions, helped us exceed last year’s operating margin,” said Roy Armes, Cooper’s Chairman, Chief Executive Officer, and President.

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

You May Also Be Interested In

• Goldman Sachs Downgrades Norsk Hydro SA (NHY:NO) (NHYDY) to Neutral
• AI chip sell-off is ‘unmoored from fundamentals,’ LYNX says
• AMTD Digital reports $1.2B in total assets, $42.4M profit