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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPS at https://www.zacks.com/ap/CPS

Categories: Business News