Cooper Tire (CTB) Tops Q3 EPS by 5c

Cooper Tire (NYSE: CTB) reported Q3 EPS of $0.77, $0.05 better than the analyst estimate of $0.72. Revenue for the quarter came in at $920 million versus the consensus estimate of $912.1 million.

”Our third quarter performance continued the solid trends we saw during the first half. Even after adjusting for the unusual issues last year, we had strong unit volume growth, particularly in the Americas segment. The 14-percent overall unit growth, along with declining raw material costs, allowed us to post an operating margin of 9.7 percent, which is at the high end of our target range,” said Roy Armes, Cooper’s Chairman, Chief Executive Officer, and President.

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

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