Cooper Tire & Rubber Co. said its first-quarter normalized net income was 66 cents per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.
EPS increased 5.4% year over year from 62 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $39.0 million, a decline from $40.1 million in the year-earlier period.
The normalized profit margin climbed to 5.9% from 5.0% in the year-earlier period.
Total revenue fell 16.7% year over year to $663.2 million from $796.5 million, and total operating expenses declined 17.1% on an annual basis to $592.9 million from $715.5 million.
Reported net income decreased 10.4% from the prior-year period to $40.9 million, or 69 cents per share, from $45.7 million, or 71 cents per share.
