Cooper Tire And Rubber Co Bottom Line Falls In Q3

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

The company's profit came in at $53.71 million, or $1.07 per share. This compares with $61.69 million, or $1.18 per share, in last year's third quarter.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $737.67 million from $733.84 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q3): $53.71 Mln. vs. $61.69 Mln. last year. -EPS (Q3): $1.07 vs. $1.18 last year. -Analysts Estimate: $0.45 -Revenue (Q3): $737.67 Mln vs. $733.84 Mln last year.