Cooper Tire And Rubber Co Reveals 11% Advance In Q3 Bottom Line

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

The company said its bottom line totaled $53.18 million, or $0.93 per share. This was up from $47.70 million, or $0.77 per share, in last year's third quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.0% to $782.37 million. This was down from $920.08 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q3): $53.18 Mln. vs. $47.70 Mln. last year. -Earnings Growth (Y-o-Y): 11.5% -EPS (Q3): $0.93 vs. $0.77 last year. -EPS Growth (Y-o-Y): 20.8% -Analysts Estimate: $0.80 -Revenue (Q3): $782.37 Mln vs. $920.08 Mln last year. -Revenue Change (Y-o-Y): -15.0%