X

Social Media

Cooper Tire reports second quarter loss

August 8, 2008
Filed under Features

Cooper Tire & Rubber Co.’s second-quarter net income fell due to reduced demand in North America and record-high raw material and utility costs, according to MarketWatch.

The company reported a loss of $22.2 million compared to a profit of $17.6 million during the same period a year ago. Although revenue increased from $730 million to $773 million, an increase of about 6 percent, the cost of sales rose 13 percent.

  • To return to the current issue, click here.
  • For more of the latest news, click here.

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!