Cooper Tire (CTB) Declares $0.105 Quarterly Dividend; 1% Yield
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Cooper Tire (CTB) Misses Q4 EPS by 17c, Revenues Miss; Confirms Deal to be Acquired by Goodyear Tire (GT)
February 22, 2021 7:08 AM ESTCooper Tire (NYSE: CTB) reported Q4 EPS of $0.75, $0.17 worse than the analyst estimate of $0.92. Revenue for the quarter came in at $728 million versus the consensus estimate of $732.68 million.
Fourth Quarter Highlights
Global unit volume decreased 9.8 percent compared to the fourth quarter of 2019.Net sales decreased 2.9 percent from the fourth quarter of 2019 to $728 million.Operating profit was $60 million, or 8.3... More