Cooper-Standard: 4Q Earnings Snapshot

February 15, 2019

NOVI, Mich. (AP) _ Cooper-Standard Holdings Inc. (CPS) on Thursday reported a fourth-quarter loss of $23.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Novi, Michigan-based company said it had a loss of $1.30. Earnings, adjusted for non-recurring costs, were $1.53 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.

The auto parts supplier posted revenue of $872 million in the period.

For the year, the company reported profit of $107.8 million, or $5.89 per share. Revenue was reported as $3.63 billion.

Cooper-Standard expects full-year revenue in the range of $3.4 billion to $3.6 billion.

Cooper-Standard shares have climbed 20 percent since the beginning of the year. The stock has decreased 35 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPS at https://www.zacks.com/ap/CPS