Cooper Tire And Rubber Co Announces Retreat In Q2 Earnings

(RTTNews) - Cooper Tire And Rubber Co (CTB) revealed earnings for second quarter that declined from last year.

The company's bottom line totaled $8.82 million, or $0.18 per share. This compares with $15.01 million, or $0.30 per share, in last year's second quarter.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $679.13 million from $698.41 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q2): $8.82 Mln. vs. $15.01 Mln. last year. -EPS (Q2): $0.18 vs. $0.30 last year. -Analysts Estimate: $0.50 -Revenue (Q2): $679.13 Mln vs. $698.41 Mln last year.