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Monday, November 02, 2009
Cooper Tire Reports Operating Profits of $71M
FOXBusiness
Cooper Tire (CTB) reported operating profits totaling $71 million for the third quarter on Monday. This marks an uptick of $118 million from the same period a year prior.
Net income at the company stood at $47 million for the quarter, while net sales were $803 million. Cooper Tire reported a net income of 77 cents per share on a diluted basis.
During the last three months, the company stopped production at a facility in Albany, Georgia, and reported an improvement in quarterly sales volume.
