Cooper-Standard Holdings Inc Q2 Earnings Retreat 6%

(RTTNews) - Cooper-Standard Holdings Inc (CPS) released a profit for second quarter that retreated compared to the same period last year.

The company said its profit dropped to $49.02 million, or $2.60 per share. This was down from $52.19 million, or $2.81 per share, in last year's second quarter.

The company said revenue for the quarter rose 3.4% to $909.15 million. This was up from $879.30 million last year.

Cooper-Standard Holdings Inc earnings at a glance:

-Earnings (Q2): $49.02 Mln. vs. $52.19 Mln. last year. -Earnings Decline (Y-o-Y): -6.1% -EPS (Q2): $2.60 vs. $2.81 last year. -EPS Decline (Y-o-Y): -7.5% -Revenue (Q2): $909.15 Mln vs. $879.30 Mln last year. -Revenue Change (Y-o-Y): 3.4%

-Guidance: Full year revenue guidance: $3.48 - $3.53 Bln