Why Cooper Tire & Rubber Stock Dropped 10% Today
Shares of Cooper Tire & Rubber (NYSE: CTB) plummeted in Monday trading to close the day down 9.6% after the company reported big misses on both sales and earnings for its fiscal second quarter 2019.
Expected to earn $0.50 per share on sales of $718.1 million, it instead reported only $0.18 in EPS on sales of $679.1 million.
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