May 1, 2015, Cooper Tire & Rubber Company (Cooper Tire & Rubber) reported earnings, the first quarter of 2015, revenue fell 17 percent, less than expected earnings, mainly due to growth in China joint venture to sell, as well as international business Weak.
Cooper Tire
The company’s profit for the quarter fell from US$45.4 million, or 71 cents per share, to US$40.8 million, or 69 cents per share, which was lower than the analyst’s average forecast of 77 cents.
Revenue fell to US$663 million from US$779 million in the same period of last year, which was lower than the analyst’s average forecast of US$683 million.
Cooper Tire, which has a history of nearly 100 years, is the second-largest tire manufacturing company in North America, and Cooper is a world leader in tire replacement. At present, tire sales rank eighth in the world in the industry. The scope of business includes the design and production of tires, sales of cars, light trucks, medium trucks, motorcycles and racing tires, as well as tread rubber and related equipment for the replacement industry. Cooper Tire is headquartered in Findlay, Ohio and has 63 manufacturing, sales, distribution, technology and design facilities worldwide.
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