Cooper Tire & Rubber Slips To Loss In Q3 - Quick Facts

(RTTNews) - Cooper Tire & Rubber Co. (CTB) reported that its third-quarter net loss attributable to the company to $168 thousand or $0.00 per share, compared to net income of $74.1 million or $1.17 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Operating profit for the quarter plunged to $27.91 million from $129.60 million last year.

Net sales for the quarter declined to $832.42 million from $1.10 billion in the prior year quarter, while two analysts had consensus revenue estimate of $876.85 million for the quarter.