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Cooper Tire & Rubber Co  (CTB)
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    Sector  Consumer Discretionary    Industry Tires
 
 

EARNINGS REPORT by CSIMarket

EPS Drops, Sales Down Slightly


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Cooper Tire & Rubber Co announced first quarter 2017 operating income of $48.67 millions



Cooper Tire & Rubber Co relized deterioration in earnings per share by -45.71 % to $0.57 and Sales decrease by -1.04 % to $643 millions in the first quarter 2017, year on year.

From preceding quarter, profit plummeted from $1.29 per share and Sales fell by -17.97 % from $784 millions.
Sales have contracted due the decrease in revenues in North American Tire -15.86%, International Tire -32.06%.
International Tire segment has lowered net earnings by -8.06% in the first quarter 2017, bringing down overall bottom-line by -50.01 %. North American Tire business, has yielded $71.4 million in the same quarter. Company reported net income of $29 million in the first quarter 2017, a decline compare to net earnings of $59 millions in the corresponding period a year ago.
Corporate or Other business has returned into profitability, adding some good news to this report. Looking further into first quarter 2017 Cooper Tire & Rubber Co's profitability, operating margin mitigated to 7.57%, and net margin shrank to 4.57%.
Corporate or Other segment turn into profitability.
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