Cooper Tire's first-quarter earnings will exceed expectations
Cooper Tire & Rubber Co. says the company’s earnings per share for the first quarter of 2002 will be "significantly higher than our previous estimate of at least 30 cents per share."
An increase in tire market share and, as previously announced, increased light vehicle production in North America are the reasons for the optimistic results.
Full details of Cooper’s first quarter results will be announced on April 18. Management also will conduct a conference call to discuss the results at 10 a.m. EDT the same day.
Cooper's stock price closed at $21.02 on Tuesday.