Cooper-Standard (CPS) Reports Loss In Q4, Beats On Revenues
Zacks Investment Research | Feb 25, 2020 08:07PM ET
Cooper-Standard Holdings Inc. (NYSE:CPS) reported adjusted loss of $1.32 per share in fourth-quarter 2019, wider than the Zacks Consensus Estimate of a loss of 59 cents, mainly due to lower revenues across all segments. The year-ago quarter’s profit was $1.47 per share.
In the fourth quarter, the company generated revenues of $726 million, lower than the year-ago figure of $872 million. This downside mainly resulted from the UAW work stoppage in the United States and lower-than-planned volumes on certain vehicle programs. However, the revenue figure topped the Zacks Consensus Estimate of $694 million.
During the reported quarter, adjusted net loss was $22.3 million as against the net income of $26.4 million recorded in the year-ago period. Adjusted EBITDA declined to $25.7 million from the $75.7 million recorded in the fourth quarter of 2018.
Cooper-Standard Holdings Inc. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.