Cooper Tire & Rubber Posts Profit In Q3 - Quick Facts

(RTTNews) - Cooper Tire & Rubber Co. (CTB) said its third-quarter attributable net income was $48 million, or $0.77 per share, compared with a loss of $168 thousand or $0.00 per share last year.

According to the company, last year's third quarter was impacted by a number of unusual circumstances.

On average, six analysts polled by Thomson Reuters expected earnings of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 11 percent to $920 million from $832 million in 2013, amid higher unit volume. Analysts expected revenues of $912.13 million.

The company expects fourth-quarter raw material costs to be down slightly from the third quarter. The long-term raw material outlook is for costs to generally trend higher, with periods of volatility.