Loading…
Wednesday, August 27, 2014
Current Weather
Loading Current Weather....
Published: Friday, 11/2/2012 - Updated: 1 year ago

Cooper Tire third quarter sales up 4 percent

BLADE STAFF

FINDLAY -- Cooper Tire & Rubber Co.'s third quarter sales were up 4 percent from last year to an all-time record of $1.1 billion, the company reported this morning. 

Cooper's net profit in the quarter was $74 million, or $1.17 per share. Last year, Cooper reported net income of $17 million, or 27 cents per share, on sales of $1.05 billion.

The company said global volume grew by 5 percent. Cooper was also helped by lower raw material costs in the quarter. 

Cooper's shares were up more than 7 percent in early trading. 



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories







Poll