Copper Tire Skids But Beats Estimate
Cooper Tire & Rubber Company (NYSE:CTB) reported a fall in profit to $32.0 million or 51 cents per share (excluding special items) in the fourth quarter of 2011 from $40.2 million or 64 cents per share in the same quarter of 2010. However, the profit per share surpassed the Zacks Consensus Estimate of 39 cents. [...]
Cooper Tire & Rubber Company (NYSE:CTB) reported a fall in profit to $32.0 million or 51 cents per share (excluding special items) in the fourth quarter of 2011 from $40.2 million or 64 cents per share in the same quarter of 2010. However, the profit per share surpassed the Zacks Consensus Estimate of 39 cents.
Net sales in the quarter grew 14% to $1.1 billion. Operating profit increased 9% to $59.7 million during the quarter.
Improved price and mix of $128 million more than offset the impact … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards