Cooper-Standard: 4Q Earnings Snapshot
NORTHVILLE, Mich. (AP) _ Cooper-Standard Holdings Inc. (CPS) on Wednesday reported a loss of $27.2 million in its fourth quarter.
On a per-share basis, the Northville, Michigan-based company said it had a loss of $1.61. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.
The auto parts supplier posted revenue of $696.9 million in the period.
For the year, the company reported a loss of $267.6 million, or $15.82 per share, swinging to a loss in the period. Revenue was reported as $2.38 billion.
Cooper-Standard expects full-year revenue in the range of $2.5 billion to $2.7 billion.
Cooper-Standard shares have climbed almost 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.70, an increase of 65% in the last 12 months.