Cooper Tire & Rubber Co. said its fourth-quarter normalized net income amounted to $1.22 per share, compared with the S&P Capital IQ consensus estimate of 73 cents per share.

EPS increased year over year from 57 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $69.2 million, an increase from $33.7 million in the prior-year period.

The normalized profit margin climbed to 8.9% from 4.1% in the year-earlier period.

Total revenue declined 5.4% on an annual basis to $775.5 million from $819.6 million, and total operating expenses fell 12.5% year over year to $657.8 million from $751.4 million.

Reported net income fell 27.9% year over year to $59.1 million, or $1.04 per share, from $82.0 million, or $1.39 per share.

For the year, the company's normalized net income totaled $4.42 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.38.

EPS rose 42.3% from $3.11 in the prior year.

Normalized net income was $255.0 million, a gain of 31.4% from $194.0 million in the prior year.

Full-year total revenue decreased 13.2% year over year to $2.97 billion from $3.42 billion, and total operating expenses decreased 16.7% on an annual basis to $2.54 billion from $3.05 billion.

The company said reported net income totaled $212.6 million, or $3.69 per share, in the full year, compared with $213.4 million, or $3.42 per share, the prior year.