Cooper Tire & Rubber Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Cooper Tire & Rubber Company (CTB) reported first-quarter net income of $59 million, or per share of $1.05, compared with $41 million, or $0.69 per share, last year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.97 for the quarter. Analysts' estimates typically exclude special items.

First-quarter net sales were $650 million, a decrease of 2.0 percent compared with $663 million in the first quarter of 2015. First quarter results include $12 million of higher unit volume, with increases in the International segment partially offset by decreases in the Americas segment. Analysts expected revenue of $673.18 million, for the quarter.