SPY304.32+1.35 0.45%
DIA254.29-0.06 -0.02%
IXIC9,489.87+120.88 1.29%

Cooper Tire & Rubber: Q1 Earnings Insights

Shares of Cooper Tire & Rubber (NYSE:CTB) fell 3% after the company reported Q1 results. Quarterly Results Earnings per share were down 264.29% over the past year to ($0.23), which missed the estimate of ($0.13). Revenue of $531,694,000 lower by 14.13% yea

Benzinga · 05/07/2020 13:51

Shares of Cooper Tire & Rubber (NYSE:CTB) fell 3% after the company reported Q1 results.

Quarterly Results

Earnings per share were down 264.29% over the past year to ($0.23), which missed the estimate of ($0.13).

Revenue of $531,694,000 lower by 14.13% year over year, which missed the estimate of $556,160,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Cooper Tire & Rubber hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 07, 2020

Webcast URL: https://services.choruscall.com/dataconf/productusers/ctb/mediaframe/37246/indexr.html

Technicals

Company's 52-week high was at $32.33

52-week low: $13.82

Price action over last quarter: down 29.56%

Company Overview

Cooper Tire & Rubber Co is a manufacturer of replacement tires. It is engaged in design, manufacturing, and sales of passenger car, light truck, truck and bus radial, motorcycle and racing tires. The company has four geographical segments namely North America, Latin America, Europe, and Asia. It generates revenue from two sources Americas Tire and International Tire of which Americas Tire generates maximum revenue to the company. The company brands include Cooper, Mastercraft, Avon Tyres, Roadmaster, Starfire, Mickey Thompson, Dick Cepek, and Dean.