Cooper Tire And Rubber Co Q2 Earnings Climb 19%

(RTTNews) - Cooper Tire And Rubber Co (CTB) released a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $70.75 million, or $1.27 per share. This was higher than $59.58 million, or $1.03 per share, in last year's second quarter.

Analysts had expected the company to earn $1.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.5% to $740.29 million. This was down from $751.78 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q2): $70.75 Mln. vs. $59.58 Mln. last year. -Earnings Growth (Y-o-Y): 18.7% -EPS (Q2): $1.27 vs. $1.03 last year. -EPS Growth (Y-o-Y): 23.3% -Analysts Estimate: $1.02 -Revenue (Q2): $740.29 Mln vs. $751.78 Mln last year. -Revenue Change (Y-o-Y): -1.5%