Cooper Tire & Rubber Company Reports Third Quarter 2016 Results
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Cooper Tire (CTB) Tops Q3 EPS by 3c
October 31, 2016 7:02 AM EDTCooper Tire (NYSE: CTB) reported Q3 EPS of $1.04, $0.03 better than the analyst estimate of $1.01. Revenue for the quarter came in at $751 million versus the consensus estimate of $790.85 million.
Cooper generated another strong quarter of operating profit, achieving a record for the first nine months of this year. Excluding the $11.5 million pension settlement charge, our third quarter operating profit would have been 11.9 percent of net sales, a result that continues to be above our medium-term goals. Despite a decline in net sales, our Americas segment generated operating profit margin of more than 15 percent,... More
