Cooper Tire (CTB) Tops Q2 EPS by 11c, Sales Miss; Reaffirms
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Cooper Tire & Rubber Company Reports Second Quarter 2017 Results
August 4, 2017 7:00 AM EDTOperating profit of $75 million, or 10.4 percent of net sales; company reaffirms full year 2017 operating profit margin guidance at high end of 8 to 10 percent range
FINDLAY, Ohio--(BUSINESS WIRE)-- Cooper Tire & Rubber Company (NYSE: CTB) today reported second quarter 2017 net income of $45 million, or diluted earnings per share of $0.85, compared with $71 million, or $1.27 per share, last year.
Second Quarter Highlights:
Consolidated unit volume decreased 0.5 percent compared with a year ago, with strong growth in the International segment that was offset by lower volume in North America.... More