Cooper Tire And Rubber Co Q2 Profit Drops

(RTTNews) - Cooper Tire And Rubber Co (CTB) released earnings for second quarter that declined from the same period last year.

The company's earnings came in at $15.01 million, or $0.30 per share. This compares with $45.31 million, or $0.85 per share, in last year's second quarter.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.1% to $698.41 million from $720.75 million last year.

Cooper Tire And Rubber Co earnings at a glance:

-Earnings (Q2): $15.01 Mln. vs. $45.31 Mln. last year. -EPS (Q2): $0.30 vs. $0.85 last year. -Analysts Estimate: $0.26 -Revenue (Q2): $698.41 Mln vs. $720.75 Mln last year.