- Cooper Tire & Rubber's (CTB) FQ3 net loss $168,000 vs a profit of $74M a year earlier.
- EPS zero vs $1.17.
- Sales $832M vs $1.1B and forecasts of $836.35M.
- Operating profit $27.8M vs $129.6M.
- Industrial action in China hurt operating profit by $29M, while the aborted merger with India's Apollo Tyres cost $5M.
- Cooper reiterates that it expects positive operating profit and net income in FQ4, and year-end cash and cash equivalents approaching $400M. (PR)