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Shares of Cooper Tire & Rubber (NYSE:CTB) fell 3% after the company reported Q1 results.
Quarterly Results
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Earnings per share were down 264.29% over the past year to ($0.23), which missed the estimate of ($0.13).
Revenue of $531,694,000 lower by 14.13% year over year, which missed the estimate of $556,160,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Cooper Tire & Rubber hasn't issued any revenue guidance for the time being.
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Details Of The Call
Date: May 07, 2020
Webcast URL: https://services.choruscall.com/dataconf/productusers/ctb/mediaframe/37246/indexr.html
Technicals
Company's 52-week high was at $32.33
52-week low: $13.82
Price action over last quarter: down 29.56%
Company Overview
Cooper Tire & Rubber Co is a manufacturer of replacement tires. It is engaged in design, manufacturing, and sales of passenger car, light truck, truck and bus radial, motorcycle and racing tires. The company has four geographical segments namely North America, Latin America, Europe, and Asia. It generates revenue from two sources Americas Tire and International Tire of which Americas Tire generates maximum revenue to the company. The company brands include Cooper, Mastercraft, Avon Tyres, Roadmaster, Starfire, Mickey Thompson, Dick Cepek, and Dean.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.