Cooper Tire And Rubber Co Reveals 28% Drop In Q4 Bottom Line

(RTTNews) - Cooper Tire And Rubber Co (CTB) reported earnings for fourth quarter that dropped compared to the same period last year.

The company said its earnings declined to $59.25 million, or $1.04 per share. This was down from $82.26 million, or $1.39 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 5.4% to $775.55 million. This was down from $819.58 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q4): $59.25 Mln. vs. $82.26 Mln. last year. -Earnings Decline (Y-o-Y): -28.0% -EPS (Q4): $1.04 vs. $1.39 last year. -EPS Decline (Y-o-Y): -25.2% -Revenue (Q4): $775.55 Mln vs. $819.58 Mln last year. -Revenue Change (Y-o-Y): -5.4%