Cooper Tire And Rubber Co Q1 Earnings Retreat

(RTTNews) - Cooper Tire And Rubber Co (CTB) announced a profit for first quarter that dropped from the same period last year.

The company's profit came in at $8.98 million, or $0.16 per share. This compares with $30.56 million, or $0.57 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.5% to $601.50 million from $643.03 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q1): $8.98 Mln. vs. $30.56 Mln. last year. -EPS (Q1): $0.16 vs. $0.57 last year. -Analysts Estimate: $0.57 -Revenue (Q1): $601.50 Mln vs. $643.03 Mln last year.