Cooper Tire And Rubber Co Earnings Advance 7% In Q3

(RTTNews) - Cooper Tire And Rubber Co (CTB) revealed a profit for its third quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $57.00 million, or $1.04 per share. This was higher than $53.18 million, or $0.93 per share, in last year's third quarter.

Analysts had expected the company to earn $1.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.0% to $750.91 million. This was down from $782.37 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q3): $57.00 Mln. vs. $53.18 Mln. last year. -Earnings Growth (Y-o-Y): 7.2% -EPS (Q3): $1.04 vs. $0.93 last year. -EPS Growth (Y-o-Y): 11.8% -Analysts Estimate: $1.01 -Revenue (Q3): $750.91 Mln vs. $782.37 Mln last year. -Revenue Change (Y-o-Y): -4.0%