Cooper Tire (CTB) Tops Q1 EPS by 8c
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Cooper Tire & Rubber Company Reports First Quarter 2016 Results
April 29, 2016 7:00 AM EDTOperating profit of $91 million, or 14 percent of sales; Cooper updates full year 2016 operating margin, tax rate and capital expenditure outlook
FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported first quarter 2016 net income of $59 million, or diluted earnings per share of $1.05, compared with $41 million, or $0.69 per share, last year.
First Quarter Highlights:
Unit volume increased 1.9 percent year-over-year Net sales decreased 2.0 percent to $650 million Operating profit increased by 29.5 percent year-over-year to $91 million, or 14... More