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Cooper Tire: 1Q Earnings Snapshot

FINDLAY, Ohio (AP) _ Cooper Tire & Rubber Co. (CTB) on Monday reported first-quarter profit of $7 million.

On a per-share basis, the Findlay, Ohio-based company said it had profit of 14 cents. Earnings, adjusted for restructuring costs, came to 22 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The tire maker posted revenue of $619.2 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $607.9 million.

Cooper Tire shares have declined nearly 6% since the beginning of the year. The stock has risen 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTB at https://www.zacks.com/ap/CTB