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Market Overview

Cooper Tire & Rubber: Q1 Earnings Insights

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Shares of Cooper Tire & Rubber (NYSE:CTB) fell 1.6% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 286.96% year over year to $0.43, which missed the estimate of $0.59.

Revenue of $655,827,000 rose by 23.35% year over year, which beat the estimate of $599,120,000.

Looking Ahead

Cooper Tire & Rubber hasn't issued any earnings guidance for the time being.

Cooper Tire & Rubber hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $59.02

52-week low: $18.95

Price action over last quarter: down 3.21%

Company Description

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.

 

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Posted-In: BZI-RecapsEarnings News

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